Air France-KLM will cut capacity on its underperforming medium-haul network this summer a further 5.3%, while boosting long-haul capacity 2%. The strict capacity control, representing 0.3% growth overall, follows a sharp downturn in Air France-KLM’s full-year profitability. “Following the early adoption of certain measures during winter 2012-2013, all the actions decided as part of Transform 2015 will be implemented in summer 2013,” the company said in a statement. Air France-KLM said its medium-haul network reorganization is “still underway,” leading to […]

Categories: Airlines • Tags: Air France, Air France - KLM, KLM

Air France-KLM chairman and CEO Jean-Cyril Spinetta has warned that the company needs to change its structure to preserve its status as a major world airline. “Today our industry is dominated by 15-20 major airlines. Air France is a part of this, but if we want to remain in the top 10-15 we need to remain strong and effective,” Spinetta said during the Air France-KLM results conference. Under the revamp, Air France-KLM’s functions will be centralized on three business areas: […]

Categories: Airlines • Tags: Air France, Air France - KLM, KLM

Air France-KLM Group reported a full year net loss of €1.2 billion ($1.9 billion), widening from a €809 million loss in the year-ago period. The airline said the result was due to exceptional items, including a €471 million restructuring provision. “We have reduced our losses and revenues have held up well. We are beginning to see the initial results of our Transform 2015 restructuring plan,” said Air France-KLM Group executive VP finance Philippe Calavia, speaking at the group’s annual results […]

Categories: Airlines • Tags: Air France, Air France - KLM, KLM