Tag: AirFrance KLM

Air France CEO Steps Down after New Strike Hits the Airline

Reading Time: < 1 minute Air France KLM shares slumped on Monday after the company’s chief executive said he would resign following the rejection of a pay deal by the airline’s staff continuing their industrial action in pursuit of a 5.1% pay rise. A series of Air France strikes—13 one-day walkouts so far in recent weeks—have cost the company at least […]

Airlines Fly Lower After Barcelona Attack

Reading Time: 2 minutes Airline stocks took a nosedive on Friday morning as the horrific van attack in Barcelona the previous evening was felt likely to hit tourism to the region. British Airways and Iberia owner IAG and EasyJet both shed 3% in early trading, while Ryanair was 5% lower on the open, before all three pared losses as […]