PARIS--A strike by pilots at the French arm of Air France-KLM
(AF.FR) that forced the airline to ground 60% of its planes has so
far caused a net loss of between 30 million to 45 million euros
($39 million to $58 million), the chief executive said
Thursday.
Air France will cancel about 60% of its flights on Thursday, for
a fourth consecutive day, Alexandre de Juniac said in an interview
with French radio station RMC.
The strike, which is due to end on Monday, has left thousands of
travelers stranded at airports across France and around the
world.
The estimated loss takes into account all costs associated with
the strike and subtracts any savings made such as the fuel not
burned, Mr. de Juniac said.
Pilots took industrial action to protest Air France's plans to
expand its budget carrier Transavia while cutting costs at the
legacy airline.
Write to Inti Landauro at inti.landauro@wsj.com
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