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Air France-KLM losses shrink as productivity improves

May 5, 2015 Aviation, Headline News No Comments Email Email

egtmedia59Air France-KLM is relentlessly improving its performance and reducing its losses, with profit on the horizon.

The French-Dutch airline group has reduced its first-quarter losses. Passenger numbers grew over the period and the fuel bill fell.

A recent report in the Irish Times quoted airline management as saying negotiations with workers to improve productivity are continuing, as the carrier works to turn around its business.

Operating loss fell to EUR 417 million (AUD 595 million ) from EUR 445 million a year earlier.

Sales rose 1.8% to EUR 5.7 billion (AUD 8.13  billion), according to a statement from the Paris-based airline.

The airline has shed over 7500 jobs over three years as it undergoes a massive overhaul designed to make it more competitive with major rivals: Lufthansa, British Airways and Gulf carriers like Emirates.

“All the operational initiatives planned within the framework of the new strategic plan Perform 2020 are being deployed,” the airline said in a statement.

“In parallel, negotiations with unions on labour productivity are ongoing.”

Edited by Peter Needham

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