Air France intends to cut its workforce by 7.580, becoming another airline that has to adapt to the post Covid-19 situation. Earlier, it was expected that up to 8.300 staff had to go, so the announcement on July 3 is…
Friday, May 15. In recent days, airlines have been announcing a gradual return to flying again. The picture is diffuse, with some offering limited services from the second half of May and others extending their suspensions. So we update our…
Air France-KLM recorded deep-red results for Q1 2020, reporting a EUR -1.803 billion net loss including exceptional items. It felt the impact of the Covid 19-restrictions especially in March, which doesn’t bode well for Q2 when the situation has been…
The Airbus A380 continues to be one of the aircraft types that is hit the hardest by the current crisis. With some 240 A380’s available, most have been grounded since late March. In recent days, many have been placed in…
Air France and KLM will benefit from a combined EUR 9 to 11 billion in state aid from the French and Dutch governments, both announced separately on April 24. The package will give the Franco-Dutch airline group much-needed liquidity to…
Air France-KLM confirms it is in in-depth discussions with the French and Dutch governments and financial institutions about strengthening its liquidity position, the Group said on April 9. The airlines are implementing additional cost-cutting measures but without additional financing, Air…