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9/12/14

Air France-KLM Details Plans for Cost Cuts - by Robert Wall

Air France-KLM expect their expects their annual earnings to rise as much as 10% through 2017, as the carrier aims to turn itself around by expanding its long-distance operations in Asia and reinvigorating its budget airline.

The carrier said on Thursday that it will seek annual cost reductions of between 1% and 1.5% through productivity increases and restructuring operations, including the consolidation of some of its Air France flights with those of regional unit HOP.

The core long-distance business that generates most of the company's sales and profit will focus on expanding its links to Asia and the Middle East, said Air France-KLM Chief Executive Alexandre de Juniac.

Read more: Air France-KLM Details Plans for Cost Cuts - WSJ

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