According to Harry Banks from City AM newspaper, political instability in Africa is beginning to affect revenues at Air France-KLM
Political unrest in holiday destinations like Egypt and Tunisia would dent second-quarter profits. The airline group warned yesterday despite reporting a 4.8% rise in overall January passenger traffic.
Air France-KLM which is the Europe`s largest airline group by sales said the proportion of seats sold, or passenger load factor, rose 1.1% point to 79.2% in January.
The growth was boosted by a favourable comparison with January last year when operations were hit by snow and a two day air traffic control strike.
January cargo traffic rose 3.4% on a 3.3% increase in capacity and the load factor for freight was stable at 64.3%.
While in Cameroon authorities still delaying the launch of the first flight to Europe to camair-co, the newly created national airline company even though those appointed by the government to carry out their duties are still promising that they will launch the first ever flight next month. Europe will be the first destination and then others will follow.
For the moment Cameroon business confidence still stable while the French one spiked to a three year high in January. The good news is that the Index for Cameroon industry morale, gathered for the Central Bank in Yaounde in on the rise and jumped. Paul Biya`s conservative government has based its 2011 budget on a growth rate of 3,2% and the deficit will hit CFA 425 billion this financial year.
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