Air France bets on caviar and champagne to lure luxury flyers
- With generous helpings of caviar and champagne, Air France's costly bet on luxury appears to be paying off, helping the Paris-based carrier weather the fallout from the Iran war, Chief Executive Ben Smith told Reuters on Friday.
- Airlines worldwide, including parent Air France-KLM , are grappling with soaring jet fuel bills and disrupted travel patterns caused by the nearly seven-month-old Iran war, which has forced some to cut capacity and rein in spending.
- Air France, meanwhile, is riding things out.
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- With generous helpings of caviar and champagne, Air France's costly bet on luxury appears to be paying off, helping the Paris-based carrier weather the fallout from the Iran war, Chief Executive Ben Smith told Reuters on Friday.
- Airlines worldwide, including parent Air France-KLM , are grappling with soaring jet fuel bills and disrupted travel patterns caused by the nearly seven-month-old Iran war, which has forced some to cut capacity and rein in spending.
- Air France, meanwhile, is riding things out.
Sources: France 24