Airline group says it’s too early to talk about the details
It is too early to give the details of any further cost cuts, Air France-KLM insists, following the publication of a report in newspaper Le Figaro that it is planning around 5,000 more job cuts.
“The group denies information reported by Le Figaro,” a spokesman for the group said.
Le Figaro reported yesterday: “If Air France employees believed they had finished with cuts, they need to prepare for a new job-cut plan in 2015. According to our information, this is being considered in the coming months and could cover nearly 5,000 jobs (out of about 96,000 Air France-KLM employees). [This would take] staff reductions to nearly 8,000 jobs over three years.”
The airline group issued its third profit warning in six months in December, further reducing its 2014 EBITDA forecast by €200 million to between €1.5 billion and €1.6 billion. Costs from a pilot strike had been higher than expected, it explained at the time, and long-haul revenues were weak.
“On December 18, the group said that its situation and the deteriorating competitive climate required additional cost-cutting actions and a significant reduction of its investment plan,” the spokesman said. “A strengthening of these actions on costs will be submitted to staff representatives […] nothing has been decided yet.”
Reuters / Le Figaro
[pictured: Air France A380; courtesy Air France]