In the midst of economic uncertainty, pricing pressure and overcapacity are making life difficult for Europe’s legacy carriers, and the region’s major airline groups are setting out long-term strategies to survive and thrive.  “It’s obvious that Air France-KLM needs to reinvent [itself] in order to be successful,” Air France-KLM CEO Ben Smith told investors Nov. 5 as he unveiled his long-awaited road map to improving financial performance that should see ...

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