Air France-KLM expects an additional cost of up to 200 million euros in the first quarter of 2020 due to the outbreak of the 2019-nCoV coronavirus, the company reports in an explanation of the figures for 2019.
Both KLM and Air France have suspended flights to China due to the outbreak. KLM will fly to Beijing and Shanghai no later than mid-March. Flights to other Chinese destinations are still suspended.
This is a blow especially for KLM. Dutch society is one of the largest carriers between Europe and China, both in terms of passenger and cargo flights.
The KLM figures for January showed no effect of that measure. The number of passengers traveling to China even increased. But CEO Pieter Elbers already made it clear at the announcement that there are major consequences ahead. KLM annually converts 1.5 billion euros into flights to and from China. A temporary stop like this can cost the company millions of euros per month.