Air France-KLM’s Profitability Rises, Lowers Cost-Reduction Target

Air France-KLM has lowered its full-year unit cost-reduction target while warning about sustained unit revenue pressure. The Franco-Dutch group’s previous guidance was for a unit cost reduction between 1-1.3% compared with 2014, but on Oct. 29, it said the pace of savings was slowing. The reduction...

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