Air France-KLM, Europe's biggest airline, on Tuesday announced losses of 814 million euros (1.1 billion dollars) for the 2008-2009 fiscal year and said it would have to cut 2,700 jobs.
The losses were the first incurred by the French-Dutch group since the 2003 merger of Air France and KLM and the airline's chief executive Pierre-Henri Gourgeon said job cuts were inevitable.
Some 2,700 jobs were slashed during 2008 and 2009 and further cuts "on the same scale" were planned for the next financial year, Gourgeon said.
To reduce costs, the group "will continue to gradually reduce staff, with a hiring freeze, by resorting to internal professional mobility, by asking staff to take holidays and by developing part-time positions," he added.
Financial director Philippe Calavia told journalists that "about 3,000" jobs would be cut.
Friday, May 22, 2009
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