In a letter to workers Chief Executive Guillaume Faury said the firm's existence was now threatened.
Showing posts with label European Airline Business. Show all posts
Showing posts with label European Airline Business. Show all posts
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.
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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