Having moved to slowly to counteract the severity of the current economic downturn, Air France-KLM management is rushing into place further capacity and cost-cutting measures to stabilize its business. The airline group says it will cut capacity 2% during the summer season, said Pierre-Henri Gourgeon, Air France-KLM chief executive. Capacity to North America is to come down 5.1%, followed by that to Asia by 3.5%. Overall, long-haul capacity is to come down 2.2%, with medium-haul capacity ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Amid Losses, Air France-KLM Makes Further Cuts".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.