Air France-KLM has posted a 20.5 per cent drop in fiscal first-quarter sales this week as the continuing weak economic climate depressed air travel and freight demand. Overall revenue totalled €5.19 billion in the three months to 30 June. Cargo revenue dropped 41.5 per cent to €544 million due to a decline in volumes of 22.7 per cent, a 17.2 per cent cut in capacity and a 25.1 per cent fall in yields. Sales in the carrier's passenger business fell 18.7 per cent to €4.01 billion … [Read more...] about AF-KLM sees cargo revenue drop 42% in Q1
Air France
“Brutal” cargo market, but AF-KLM cargo stabilising
The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about “Brutal” cargo market, but AF-KLM cargo stabilising
"Brutal" cargo market, but AF-KLM cargo stabilising
The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about "Brutal" cargo market, but AF-KLM cargo stabilising
EUROPE & CIS: Air France, KLM admit to price fixing in Canada
Air France and KLM again face potential multimillion-dollar fines after admitting they both participated in a conspiracy to set surcharges on cargo flown out of Canada. In documents filed in the Federal Court of Canada recently, the airlines admitted they breached competition rules by conspiring with other airlines to apply fuel and other surcharges on cargo shipments between 2002 and 2006. Also filed in court was a third statement by KLM subsidiary Martinair Holland N.V., containing similar … [Read more...] about EUROPE & CIS: Air France, KLM admit to price fixing in Canada
EUROPE & CIS: Air France, KLM admit to price fixing in Canada
Air France and KLM again face potential multimillion-dollar fines after admitting they both participated in a conspiracy to set surcharges on cargo flown out of Canada. In documents filed in the Federal Court of Canada recently, the airlines admitted they breached competition rules by conspiring with other airlines to apply fuel and other surcharges on cargo shipments between 2002 and 2006. Also filed in court was a third statement by KLM subsidiary Martinair Holland N.V., containing similar … [Read more...] about EUROPE & CIS: Air France, KLM admit to price fixing in Canada
Boeing/Air France celebrate 777th B777
Boeing and longtime partner Air France celebrated milestones recently with the delivery of the 777th Boeing 777 airplane. The new Boeing 777-300ER also will be the first to bear a new Air France livery and company brand identity. Air France operates one of the largest fleets of 777s in the world and was the launch customer for both the 777-300ER and the 777 Freighter. "The 777 has been a valuable asset to the long-haul fleet of Air France and it is the right aircraft to allow us to maximize our … [Read more...] about Boeing/Air France celebrate 777th B777
