Latest news with #AirFrance-KLM
IOL News
3 days ago
- Business
- IOL News
Air France rekindles the romance of direct summer flights between Cape Town and Paris
Air France has announced the return of its seasonal direct flights between Cape Town and Paris for the summer season of 2025/2026. Air France has announced the return of its seasonal direct flights between Cape Town and Paris for the summer season of 2025/2026. From 15 December 2025 to 12 January 2026, Air France will operate daily nonstop flights between the Cape Town and Paris, just in time for South Africa's summer season and Europe's peak holiday period. Powered by the state-of-the-art Airbus A350, passengers can expect a travel experience synonymous with French elegance and comfort. Air France is renowned for its commitment to providing top-tier service, and this route will showcase their approach from gourmet meals to Champagne served in all classes. "We're thrilled to bring our seasonal Cape Town–Paris flights back, and see it upgrade the service to daily flights connecting both cities this summer," said Wilson Tauro, Country Manager Southern Africa at Air France-KLM. "This seasonal increase to daily flights between the two cities is a reflection of Air France's strong and growing relationship with South Africa." The daily schedule for flights AF0871 will see departures from Cape Town each morning at 08:50am, landing in Paris at 7:20pm. The return service, AF0890, will depart Paris each evening at 6:30pm, arriving back in Cape Town at 06:45am the following day. This arrangement not only accentuates the convenience for European travellers seeking to explore the idyllic beaches and world-class cultural offerings of Cape Town but also provides South Africans with a vital link to Europe, the Americas, and beyond through Paris. Furthermore, in collaboration with KLM Royal Dutch Airlines, Air France-KLM is ramping up its services to South Africa, offering a collective total of 32 weekly flights across the country. This expanded service will cater to over 11,000 seats available in each direction on a weekly basis, illustrating the group's commitment to fostering connections that support business and leisure travel between continents. With bookings likely to be highly sought after, potential travellers are encouraged to plan ahead to secure an unforgettable journey infused with French flair. IOL
Miami Herald
4 days ago
- Business
- Miami Herald
Tourists Avoiding US After Their Countries Hit by Tariffs
Tourists from countries significantly hit by President Donald Trump's trade tariffs are booking fewer trips to the U.S., according to data collected by the hotel search site Trivago. The data showed a double-digit percentage drop in the number of travelers from Japan, Canada and Mexico opting to visit the U.S. since the president announced his tariffs. Newsweek has contacted Trivago outside regular hours for comment via email. Earlier this month, the World Travel & Tourism Council (WTTC) projected that visitor spending in the U.S. would fall from $181 billion in 2024 to less than $169 billion because of a decline in "international traveler confidence." Travelers from across the globe have faced increased scrutiny under the Trump administration's tighter border controls and immigration policies, and a growing number of countries have issued travel warnings for the U.S. In February, Trump announced tariffs of 25 percent on Canada and Mexico. He later announced a 25 percent tax on imported cars, auto parts, steel and aluminum exports, which he followed with an April announcement of a 10 percent "baseline" tariff on almost all U.S. imports, affecting major trading partners such as Japan. Since then, travelers from Canada, Mexico and Japan have been booking fewer trips to the U.S., according to Trivago's data, which was shared with PA Media. Travelers from Germany have also planned fewer trips to the U.S. this year, with a single-digit percentage drop in the number of trips booked. These countries are among the world's wealthiest economies. After the U.S. and China, Germany has the world's third largest economy, while Japan has the fifth largest. According to the data, there has not been a significant change in the number of tourists visiting the U.S. from the U.K. Earlier this month, the United Kingdom became the first country to form a trade deal with the U.S. since Trump announced his wave of tariffs. The U.S. president has also threatened to impose tariffs of 50 percent on the European Union, which have been delayed from June 1 to July 9. Airlines have also reported a drop in the number of European tourists traveling to the U.S. Air France-KLM and Lufthansa have reported a "weakening" demand for transatlantic routes among European passengers, while demand among American travelers to visit Europe has been growing. In May and June, bookings to travel across the Atlantic from Europe were down by 2.4 percent compared to last year, while travel in the other direction was up by 2.1 percent, the Financial Times reported. Ben Smith, the chief executive of Air France-KLM, said in a report on the company's first quarter: "We know there are a lot of customers that are holding back in buying tickets for a little more clarity on … the border, and things like that." Johannes Thomas, the chief executive of Trivago, said: "In times of uncertainty, people stay closer to home." While some tariffs are already in effect, others have yet to come into action because of delays. It remains to be seen how significantly international tourism may be affected by the economic tension between the U.S. and other countries. Related Articles Airlines Boss Reacts to Europeans Cutting US Flights 2025 NEWSWEEK DIGITAL LLC.
Newsweek
6 days ago
- Business
- Newsweek
Airlines Boss Reacts to Europeans Cutting US Flights
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Some of the largest airlines in Europe have sounded the alarm on declining demand for flights to the U.S. Bosses at Delta, Air France-KLM and Lufthansa all noted that trans-Atlantic flights, which make up a significant chunk of their revenue, had become less popular in the first quarter of the Trump administration. Why It Matters Bookings from Europe to the U.S. for the May through July travel window have dropped sharply, industry analysts projecting a year-over-year decline of 10 percent. The result is an anticipated $8.5 billion reduction in U.S. tourism revenue from international visitors in 2025, according to data from Travel and Tour World. Airlines that previously made huge profit from trans-Atlantic flights are now rerouting aircraft to regions with more stable demand, such as Canada, Mexico, and Brazil. What To Know Industry leaders have taken note of the decline in demand, with many top airline bosses framing it in the context of the Trump administration's foreign policy, which has been more hostile toward Europe than its predecessor. Air France-KLM chief executive Ben Smith, in a report on the company's first quarter, said: "We know there are a lot of customers that are holding back in buying tickets for a little more clarity on … the border, and things like that." The company's CFO Steven Zaat also noted that the decline in demand was matched by a rise in demand for U.S. flights to Europe in the same period. A British Airways Airbus A350-1041 flies over traffic on southbound Interstate 5 as it approaches San Diego International Airport for a landing on a flight from London on February 9, 2024 in San Diego, California. A British Airways Airbus A350-1041 flies over traffic on southbound Interstate 5 as it approaches San Diego International Airport for a landing on a flight from London on February 9, 2024 in San Diego, California. Getty Images Similarly, Carsten Spohr, the CEO of Germany's largest airline, Lufthansa, said there was a "slight weakening" in bookings for flights to the U.S, despite the busy summer season. Spohr said: "When it comes to vacation trips to the U.S, especially from the German, Austrian and Swiss markets, it's easy to imagine conversations around the kitchen table where families are saying, 'We don't know yet if we really want to go." Responding to the decline, Delta Air Lines CEO Ed Bastian told The Sunday Times: "There's a political question in the U.S. around immigration, but we need to make certain that people feel comfortable coming here." "The administration is only a few months in. The deregulatory theme really hasn't come into play yet. We're a capitalist society and we believe we should compete for consumers, not have the government tell us how to compete." What Happens Next More route adjustments are expected over the summer as carriers finalize their seasonal schedules. Aviation data firm Cirium reported that six airlines cut or reshuffled eight Europe-U.S. routes in just the past month.
Time Out
22-05-2025
- Business
- Time Out
Air France to offer daily CT flights!
Air France has announced that it will ramp up its service to the Mother City for the upcoming summer season by offering daily flights from Paris to the Mother City, bringing an extra dash of French flair to South African skies. While highlighting the news that Cape Town was voted Best City in the World by Time Out this year, Wilson Tauro, Air France-KLM Country Manager for Southern Africa, confirmed that Air France, together with its sister airline KLM, will offer 18 flights a week to Cape Town this summer! During the most recent summer season, Air France offered three flights per week to Cape Town and even extended the service until the end of April to accommodate the popular Easter holidays. The new schedule will mean more flexibility for South Africans heading to Europe and beyond. Air France will operate a sleek Airbus A350 on the route, with contemporary cabins and a wide range of in-flight entertainment on board. And did we mention that champagne is served in all classes... yes, even at the back of the plane!
Yahoo
15-05-2025
- Business
- Yahoo
Air France-KLM announces the successful issuance of new hybrid bonds
Paris, 15 May 2025 Air France-KLM announces the successful issuance of hybrid bonds for an amount of €500 million Air France-KLM (the 'Company') successfully priced an issuance of €500 million hybrid bonds today, at an annual fixed coupon of 5.75% (yield at 5.875%) until the first reset date (the 'Hybrid Bonds'). The Hybrid Bonds, undated and deeply subordinated, will be rated BB by Fitch and B+ by S&P and will qualify for 50% equity credit with both rating agencies. Fitch and S&P reaffirmed Air France-KLM's long term issuer rating, respectively at BBB- and BB+, with both a Stable outlook. The issue of Hybrid Bonds was very well received by the market with an orderbook of over 1.75 billion euros (representing an oversubscription rate of 3.5 times). This result reflects investors' strong confidence in the Company's strategy and the strength of its credit profile. The estimated net proceeds of the issue of the Hybrid Bonds will be used by the Company for general corporate purposes including the potential refinancing of existing subordinated instruments within the Group. This issue enables the Group to simplify its balance sheet and optimize its cost of financing while maintaining financial flexibility. An application will be made for the Hybrid Bonds to be admitted to trading on Euronext Paris. Investor Relations Michiel Klinkers Marouane Mami Website: Attachment Air France-KLM announces the successful issuance of new hybrid bondsError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
