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Air France strike costs US$101 million, leaves poor prospects
A SEVEN-DAY strike by Air France cabin crew cost the carrier EUR90 million (US$101 million) in the first walkout under new CEO Jean-Marc Janaillac, reports Bloomberg.
Air France management has asked flight attendants to come back to the table for talks in August as they seek a new contract to replace the one that expires October 31.
Mr Janaillac has asked for a few months to figure out a new strategy for the troubled airline as it grapples with a slump in both demand and prices in the wake of multiple terrorist attacks in France.
Air France-KLM posted its first operating profit in four years in 2015, though its forecast for 2016 doesn't include any mention of profit.
Another four-day strike by pilots in June cost the airline EUR40 million. Lufthansa predicted further declines in ticket prices this year as a demand slowdown stemming from terrorist attacks combines with excess capacity across the airline industry.
Air France management has asked flight attendants to come back to the table for talks in August as they seek a new contract to replace the one that expires October 31.
Mr Janaillac has asked for a few months to figure out a new strategy for the troubled airline as it grapples with a slump in both demand and prices in the wake of multiple terrorist attacks in France.
Air France-KLM posted its first operating profit in four years in 2015, though its forecast for 2016 doesn't include any mention of profit.
Another four-day strike by pilots in June cost the airline EUR40 million. Lufthansa predicted further declines in ticket prices this year as a demand slowdown stemming from terrorist attacks combines with excess capacity across the airline industry.
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