Air France
[Air France-KLM will lift capacity no more than 2 percent in each of the next three years, with fleet spending also reined in.] Jean-Cyril Spinetta, recalled last years as chief executive officer as slumping profit forced Pierre-Henri Gourgeon’s exit, froze pay and hiring in January and is in talks with unions over a 2 billion-euro annual saving he says is needed to secure the long-term future. The loss comes after German rival Detsche Lufthansa AG Airline yesterday posted a 13 million-euro annual deficit as its soon-to-be-sold U.K. division BMI clipped earnings.
Unit 4 brochure
[Adres]
[Postcode en plaats]
Air France-KLM
Is a French-Dutch airline holding company incorporated under French law with it’s headquarters at Paris offices in Montreuil (France) and Amstelveen (Netherlands)
Air France-KLM Group (AF), Europe’s biggest airline, reported a full-year loss as a sluggish economy and high fuel costs. crimped earnings and said results for the current six months will show a further deterioration.
The Paris-based company had a net loss of 809 million euros ($1.06 billion) versus a pro forma 289 million-euro profit in 2010, it said in a statement. Analysts had predicted a loss of 669 million euros, based on 12 estimates in a Bloomberg survey.
KLM Service Centre
Tell: +44 (0) 871 231 0000
10p p/min from BT landlines - other networks vary
Opening Hours: Monday – Sunday 24 Hours
Royal Dutch Airlines
High Fuel Prices
“2011 was a tough year due to the uncertain operating environment and high fuel price,” Spinetta told journalists. “In this context the success of the transformation plan is all the more crucial. The announced measures are already under way.”
Initial talks with unions will end this month, with details to be hammered out in the second quarter so that a deal providing a 20 percent efficiency gain at Air France by 2014 and stable payroll costs at KLM should be in place by the
Unit 4 brochure
[Adres]
[Postcode en plaats]
Air France-KLM
Is a French-Dutch airline holding company incorporated under French law with it’s headquarters at Paris offices in Montreuil (France) and Amstelveen (Netherlands)
Air France-KLM Group (AF), Europe’s biggest airline, reported a full-year loss as a sluggish economy and high fuel costs. crimped earnings and said results for the current six months will show a further deterioration.
The Paris-based company had a net loss of 809 million euros ($1.06 billion) versus a pro forma 289 million-euro profit in 2010, it said in a statement. Analysts had predicted a loss of 669 million euros, based on 12 estimates in a Bloomberg survey.
KLM Service Centre
Tell: +44 (0) 871 231 0000
10p p/min from BT landlines - other networks vary
Opening Hours: Monday – Sunday 24 Hours
Royal Dutch Airlines
High Fuel Prices
“2011 was a tough year due to the uncertain operating environment and high fuel price,” Spinetta told journalists. “In this context the success of the transformation plan is all the more crucial. The announced measures are already under way.”
Initial talks with unions will end this month, with details to be hammered out in the second quarter so that a deal providing a 20 percent efficiency gain at Air France by 2014 and stable payroll costs at KLM should be in place by the