Air France - KLM News

PARIS: Airlines are still in for financial turbulence despite a recent fall in oil prices, with many at risk of posting major losses as the cost of their top input remains historically high.

Air France said it will reduce staff numbers and its short-haul and medium-haul fleet in an effort to cut costs and return the airline to growth in the face of rising competition and fuel bills.

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A year of restructuring Following a volatile 2010, demand for stainless steel began to improve somewhat from the beginning of 2011.

Air France-KLM Group told labor representatives that its short-haul operations will be reduced to three businesses following an amalgamation of regional divisions that's aimed at cutting costs, a union official said.

Air France-KLM, the Franco-Dutch airline group, is looking to cut 5,000 jobs over three years, with about half through voluntary payoffs.

Franco-Dutch airline group Air France-KLM has denied rumours that it is to eliminate around 5,000 jobs through 2015 in order to reduce costs and return to profitability.

The Air France KLM plane carrying the Dutch football national team arrives at the Schipol airport, in Amsterdam, on July 12, 2010.

Air France-KLM plans to cut 5,000 jobs by 2015 through a voluntary redundancy plan, the website of French daily Le Figaro said on Sunday.

Schedule changes a day or two before a flight are almost never good news. The message from Air France that arrived last Saturday was no exception.

THE Government has signed a bilateral Air Service Agreement with the Netherlands government that will allow both countries' airlines to enter the respective markets without restrictions.

FRANKFURT, Germany -- Insurance company Allianz SE says its profits rose 58 percent in the first quarter compared to a year ago, when it had big payouts for natural disasters including the tsunami in Japan.

'Eco-friendly airlines' reads like an oxymoron, but choosing one airline over another can help reduce our impact on the environment - at least according to the latest annual study by green living website, Greenopia.

Tina Williams has been crowned the 12th May Queen by Bollywood actor Samir Soni during a celebration organised by the Goan Welfare Association at the Giwana hall in Ramada Plaza recently.

Air France KLM Group reported a first-quarter loss of 368 million , widened from a 367 million loss in the year-ago period.

Air France-KLM on Friday reported a $483 million loss for the first quarter of 2012.

U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly.

Air France-KLM Group said its first- quarter loss widened as fuel costs and a drop in freight volumes wiped out benefits from gains in passenger traffic, increasing pressure to secure cost cuts from unions by a June deadline.

One of the nation's largest public pension funds has filed a lawsuit against current and former Wal-Mart executives and board members, saying they had breached their responsibility in handling an alleged bribery scheme.

Air France-KLM unveiled a wider first-quarter operating loss on Friday as increased passenger traffic failed to compensate for weak international trade and record fuel costs.