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7/26/13

European Airline Industry: Air France-KLM Loss Narrows on Recovery Plan - by David Pearson

Franco-Dutch airline Air France-KLM said Friday its Transform 2015 efficiency plan is starting to pull the company out of the red, but said it needs to take new, tough measures to deal with its unprofitable medium-haul and cargo operations.

The airline said its recovery plan introduced more than a year ago to slash fixed costs, reduce head count and win back paying customers has helped to shrink its operating losses so far in 2013, and predicted that the improvement will continue through the remainder of the year.

Read more: Air France-KLM Loss Narrows on Recovery Plan - WSJ.com

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