Air France May Cut FY EBITDA by EU500M

The transcript discusses the financial impact of strikes on Air France, leading to significant losses in passenger and cargo traffic. Competitors like EasyJet and Ryanair gained market share as consumers shifted preferences. The strikes were a result of Air France's attempt to launch a discount unit, which was opposed by pilots. This situation highlights the strategic challenges faced by traditional carriers in competing with low-cost airlines.

What was the impact on EBITDA mentioned in the text?

What were some of the competitors that people turned to during the strike?