12 hrs ago
Air France Pilot Strike to Cancel 52% of Flights Monday
Air France said it's bracing for the most disruptive strike since 1998 tomorrow as pilots walk out over management plans to expand low-cost operations using flight crew paid less than at the mainline carrier. The French arm of Air France-KLM Group, Europe's biggest airline, expects to cancel 52 percent of services on the first day of an action due to run through Sept.
16 hrs ago
Wall Street Journal
Air France to Cancel More Flights Amid Strike
Air France-KLM said late Saturday that the airline would only operate four out of 10 scheduled flights on Monday because of a strike by pilots.
17 hrs ago
Air France warns of disruptions if pilots strike
Air France-KLM warned Saturday that it was preparing to cancel about 60 percent of its scheduled flights Monday because of a dispute with pilots, a move that has the potential to disrupt the travel plans of tens of thousands. Subscribers must LOG-IN to read this full story.
Thu Sep 11, 2014
Housing market 'reaches plateau'
The Royal Institution of Chartered Surveyors said the number of house sales agreed in August fell for the first time in two years. "In some areas the recovery has only recently taken hold and affordability is rather less stretched," said Simon Rubinsohn, RICS chief economist.
UPDATE 1-Air France-KLM sees profit boost from new strategic plan
Air France-KLM pledged to improve its core earnings by 8 to 10 percent a year through 2017 as part of a new strategic plan combining an assault on the European leisure market with efforts to improve its appeal to long-haul travellers. The Perform 2020 plan calls for new planes for its Transavia low-cost unit in Europe, coupled with further restructuring of loss-making activities.
Wed Sep 10, 2014
European Factors to Watch- Shares to fall for 4th day
Tue Sep 09, 2014
Air France-KLM to invest 1 billion euros into low-cost brand
The plan will create up to 250 new pilot jobs by 2019 and grow Transavia's fleet to over 100 aircraft, Chief Executive Officer Alexandre de Juniac was quoted as telling French daily Les Echos in the newspaper's Wednesday edition. Europe's second-largest traditional carrier by revenue said last week its board had approved a plan to open new bases under the Transavia brand in Europe in a bid to recapture market share from both low-cost carriers and fast-growing Middle East rivals.
Air France to reap 339 mln euros in cash from Amadeus shares
Air France-KLM said on Tuesday it would reap proceeds of 339 million euros in cash from the sale of a more-than 3-percent stake in travel technology company Amadeus. The Franco-Dutch airline said it had settled a derivatives transaction on 12 million Amadeus shares, or a 2.68 percent stake, by selling part of that holding.
SSI Expands Global Reach of B2B Solution with Flying Blue Partnership
The partnership allows members of the airlines' frequent flyer program to join a new business research panel from SSI called Opinion Rewards Club. Opinion Rewards Club members, part of SSI's B2B inSSItesa business solution, will earn points for sharing their opinions at www.opinionrewardsclub.com .
Mon Sep 08, 2014
Europe Factors to Watch-Shares seen mixed; UK market under pressure
MARKET SNAPSHOT AT 0629 GMT: LAST PCT CHG NET CHG S&P 500 2,007.71 0.5 % 10.06 NIKKEI 15705.11 0.23 % 36.43 MSCI ASIA EX-JP 513.46 0.03 % 0.17 EUR/USD 1.2933 -0.12 % -0.0016 USD/JPY 105.11 0.03 % 0.0300 10-YR US TSY YLD 2.441 -- -0.02 10-YR BUND YLD 0.934 -- 0.00 SPOT GOLD $1,268.16 -0.03 % -$0.43 US CRUDE $93.51 0.24 % 0.22 > ASIAN SHARES SLIP, CHINA DATA FAIL TO TEMPER GROWTH WORRIES > US STOCKS-S&P 500 ENDS AT RECORD AS JOBS REPORT EASES FED WORRIES > NIKKEI CHOPPY ON MIXED CUES FROM GLOBAL DATA; RAKUTEN FALLS ON M&A NEWS > FOREX-STERLING SKIDS TO NEAR 10-MONTH LOW ON SCOTLAND WORRIES > PRECIOUS-GOLD SUPPORTED BY WEAK U.S. JOBS DATA; UKRAINE CRISIS EYED > METALS-LME COPPER STEADY, TRADERS PRICE IN US RATE HIKE DELAY > BRENT FALLS, STAYS BELOW $101 AFTER WEAK U.S. JOBS DATA COMPANY NEWS: AIR FRANCE-KLM Franco-Dutch airline Air France-KLM said on Monday that passenger traffic rose 3.1 ... (more)
Thu Sep 04, 2014
UPDATE 1-Air France-KLM accelerates low-cost plans, cargo cuts
Air France-KLM announced plans on Thursday to speed up the development of its low-cost unit and cut back freighter operations in its latest efforts to boost competitiveness. Europe's second-largest traditional carrier by revenue said its board had approved a plan to open new bases under the Transavia low-cost brand in Europe.
Foreign, Indian carriers in airfare war; Air France offers Rs 10,000 discount
Under its scheme, Air France is offering its customers a discount of Rs 4,000 in economy, Rs 7,000 in premium economy and Rs 10,000 in business class. Aiming at attracting Indian travellers to major global and domestic destinations, foreign and Indian carriers are vying with each other by offering discounted tickets.
Wall Street Journal
Air France-KLM to Lean on Discount Unit
Air France-KLM on Thursday said it would shift more flights to an expanding discount unit Transavia and restructure parts of its cargo business as it begins to roll out a new round of cost cutting after previous efforts fell short.
Thu Aug 28, 2014
European Aviation Waits for Strikes by Air France and Germanwings Pilots
Europe needs to straighten out its regional lines and its air traffic control system in order to be better in line with current realities than those of the 1960s.
Wed Aug 27, 2014
The Straits Times
Ebola causing huge damage to West Africa economies - African Development Bank
African Development Bank president Donald Kaberuka and World Health Organisation regional director for Africa Luis G. Sambo exchange documents after agreeing on a donation of US$60 million to fight the Ebola virus on August 26, 2014 in Abidjan.
France tells citizens, Air France to avoid Liberia, Sierra Leone over Ebola
The French government on Wednesday recommended its nationals avoid Sierra Leone and Liberia due to the risk associated with the Ebola virus and asked Air France-KLM to suspend flights to the Sierra Leone capital, Freetown.
Tue Aug 26, 2014
Sydney Morning Herald
Business-class beds at the pointy end
The world's top airlines are questioning the need for first-class cabins as flat-bed seats cradle corporate customers in once-unimaginable comfort, making the premium on front-row seats harder to justify.