The Air France-KLM Group has reported a third quarter net profit of €544 million on a 5.1 per cent drop in revenue to €6.9 billion. For the first nine months of 2016, net income was €433 million on a 3.5 per cent fall in revenue to €18.7 billion. Cargo revenue continued to decline in Q3 – falling 16.6 per cent compared to the same period last year to reach €487 million. Another operating loss added €100 million to the group's Q3 2015 cargo loss of €81 million. Revenue from cargo for the … [Read more...] about AF-KLM sees Q3 cargo revenue slide 16.6%, total losses reach €430m
Air France-KLM
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
European Union governments have given EU transport chief Violeta Bulc the go-ahead to negotiate aviation agreements with the Association of Southeast Asian Nations (ASEAN), the United Arab Emirates (UAE), Qatar and Turkey. An agreement with ASEAN will be historic as it will be the first European Union (EU) bloc-to-bloc aviation agreement. Agreements with the Arabian Gulf states are more controversial and set up a potential clash over alleged unfair subsidies to airlines based in the UAE and … [Read more...] about EU to negotiate aviation pacts with ASEAN, UAE, Qatar & Turkey
Singapore Airlines, Air France KLM said to be in talks on possible partnership
Singapore Airlines and Air France KLM are said to currently be in discussions around some form of commercial partnership, in a large part driven by the competitive pressure of the Middle East carriers on routes between Asia and Europe. A Singaporean delegation was recently in Paris for talks with Air France, according to a report in France’s La Tribune newspaper. The outcome will be guided in a large part by the requirements of both carrier’s alliance obligations:The Star Alliance for … [Read more...] about Singapore Airlines, Air France KLM said to be in talks on possible partnership
AF-KLM’s de Juniac to fill Tyler’s shoes at IATA
The International Air Transport Association (IATA) announced a decision of its Board of Governors (BoG), unanimously approved at an IATA BoG meeting today, to recommend Alexandre de Juniac, chairman and CEO of Air France-KLM, to succeed retiring director general and CEO, Tony Tyler. With confirmation by the IATA Annual General Meeting to be held 1-3 June 2016 in Dublin, Ireland, de Juniac will take up duties as the head of the association after a short handover period. "The IATA Board of … [Read more...] about AF-KLM’s de Juniac to fill Tyler’s shoes at IATA
Dutch gov’t blocks Gulf carriers from expanding
Air carriers from the Gulf states will not be given new landing rights at Amsterdam’s Schiphol Airport. The Dutch government is citing “unfair competition with Air France-KLM” as the reason for its actions. The decision was announced ahead of a European Commission decision on possible unfair competition due to the massive growth of Emirates, Etihad and Qatar in the region. Speaking to Financieele Dagblad, Holland’s junior transport minister Wilma Mansveld said: … [Read more...] about Dutch gov’t blocks Gulf carriers from expanding
