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 […]
Reading Time: 3 minutes Air France is planning a lower-cost long-haul airline which will operate 10 aircraft by 2020 in a two-class layout, under its new Trust Together strategy. Revealing the first details of Trust Together on Nov. 3, Air France-KLM chairman and CEO Jean-Marc Janaillac said one of the group’s nine strategic priorities was to “regain the offensive […]
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