Franco-Dutch airline Air France-KLM reported Tuesday increases in passenger traffic, capacity and load factor for the month of March and its first quarter. The company saw favorable comparisons in March, absent events such as the Japanese tsunami and the political crisis in Ivory Coast that hit last year’s traffic. Passenger traffic for the month grew [...]
Franco-Dutch Air France-KLM said Wednesday its passenger traffic in February rose 6.2% compared with the same month last year, despite strike action at Air France, as the extra day in the month this year represented an additional 3.5% of activity. In February, capacity rose by 2.5%, leading to a 2.8 point improvement in the airline’s [...]
Air France-KLM has announced that it will reduce investment and impose €1 billion of cost savings, effective immediately. The austerity measures will include a wage and recruitment freeze in an attempt to turn around its revenues. The decision comes as the company says it’s seeking to reduce net debt from €6.5 billion to €4.5 billion [...]
Air France-KLM on Tuesday confirmed it is to buy 25 Boeing 787-9 Dreamliners, part of a major order for 50 long-haul carriers split with European rival Airbus announced last year. “Air France-KLM confirms the signing with Boeing of a firm order contract to acquire 25 Boeing 787-9s and 25 options to buy,” a spokesman told [...]
Franco-Dutch airline Air France-KLM on Monday reported increases in passenger traffic, capacity and load factor for the month of December mainly on strong growth in Europe and Americas. Meanwhile, cargo traffic and load factor were virtually stable. Passenger traffic for the month of December grew 7.5 percent to 17.97 billion revenue pax-kilometers, or RPKs, from [...]
Air France-KLM’s powerful network, serving 254 destinations in 124 countries from Paris-Charles de Gaulle and Amsterdam-Schiphol, is a major strategic, competitive asset, according to Air France. The company reinforced its position in 2011 in key growth markets, opening a number of long-haul routes to destinations that include Kigali, Freetown, Monrovia , Phnom Penh and Xiamen. [...]
Air France-KLM (AF.FR) and British Airways Tuesday said they plan to operate normal services to and from the U.K. on Wednesday despite planned strikes at airports. Public-sector workers in the U.K., including border-control officers, are striking over pension changes, likely causing disruptions to passenger flow at airports. The three airlines are offering passengers the option [...]
European aviation giant Air France-KLM has split a $12 billion long-rage jet order between Airbus and Boeing following months of politically fraught negotiations. Pressure from French politicians had been seen to encourage the carrier to order from Airbus in order to protect jobs in Europe. However, differences with Airbus over what caused the 2009 mid-Atlantic [...]
Dutch carrier Air France-KLM plans extra cost cuts to close the competitiveness gap with European rivals and will scale back air cargo operations to reduce its exposure to economic cycles. “Our competitiveness is not on the level of that of our major European competitors,” Chief Executive Pierre-Henri Gourgeon said on Friday, citing Lufthansa and IAG, [...]
Air France-KLM, Europe’s largest airline by revenue, aims for at least 20 percent growth in sales in China each year, a senior executive said on Wednesday. “We aim for 20 percent minimum growth each year,” Marnix H. Fruitema, the firm’s senior vice president of Asia Pacific, told Reuters on the sidelines of an industry conference. [...]