Air France-KLM announces new growth plan

Wednesday, 30 Jul, 2014 0

Air France-KLM halved its operating loss in the first half of this year to €207 million.

Chairman Alexandre de Juniac said: "Quarter after quarter, our results are consistently reflecting the benefits of the productivity measures implemented under Transform 2015."

Transform 2015 is the airline’s cost-cutting plan, which will be completed in a few months. It will be replaced by Perform 2020, a new five-year growth plan for the group, announced Juniac. Further details will be announced in September, he said.

Earlier this month the airline group issued a profit warning, saying earnings for the year would drop from a previously forecast €2.5 billion to a maximum of €2.2bn.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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