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Air France-KLM

Air France-KLM announces plans to cut 2,700 jobs as passenger traffic drops

Air France-KLM announces plans to cut 2,700 jobs as passenger traffic drops

Jul 07, 2009

PARIS — Air France-KLM, Europe's biggest airline, which has already been forced to cut operations in the economic crisis, saw passenger traffic fall 6.4 percent in June, the company said.

The biggest drop came in Asia, where passenger numbers fell 10.8 percent, while traffic in Africa and the Middle East dropped just 0.2 percent. The European network saw a 6.8-percent decline in traffic.

Air France-KLM said it carried a total of 6.4 million passengers in June.

The airline also said however that the decline in cargo traffic had stabilised, edging down only 0.4 percent in the course of the month.

"These figures confirm again the trend towards a stabilization of the cargo activity, with a progressive adjustment of capacity to demand," it said.

Franco-Dutch Air France-KLM lost 814 million euros (1.1 billion dollars) in the first three months of the year -- its first loss since the 2003 merger of Air France and KLM -- and it has announced plans to cut 2,700 jobs.

Source: AFP



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