Air France-KLM will defer the deliveries for 10 Boeing 777-300ERs scheduled for delivery in 2015-2016 because of poor financial results and low fuel prices.

Europe’s biggest airline 2014’s earnings before interest, tax, depreciation and amortisation is reported to be US$246 million lower than expected. Poor sales on long-haul routes and a pilot walkout in September are largely to blame for the shortfall, the carrier said in an e-mailed statement.