Showing posts with label Air France-KLM. Show all posts
Showing posts with label Air France-KLM. Show all posts

Friday, 26 September 2014

Air France insists budget airline must be low cost

Air France has said it will go ahead with plans to develop its low cost airline within France despite objections from striking pilots.
Conditions at the budget operator are the main sticking point between management and Air France pilots.
Talks on Thursday failed to find a resolution to the 12 day old strike.
Air France said demands that pilots at the new operation receive the same pay and conditions as at Air France were incompatible with the low-cost model.
The pilots are demanding that the same contract be offered to all pilots across Air-France KLM's subsidiaries.
No single contract
Air France originally hoped to develop its low cost operation, Transavia, via regional hubs around Europe. But

Tuesday, 8 July 2014

Air France-KLM shares hit by profit warning

Shares in Franco-Dutch airline group Air France-KLM fell over 5% on Tuesday after it issued a profit warning.
The firm said that it expected rising competition from other airlines on long-haul flights, weak cargo demand, and currency restrictions in Venezuela to hit its earnings.
Air France-KLM revised its yearly earnings forecast down from 2.5bn euros to between 2.2 and 2.3bn euros.
The warning came just weeks after a