Flight Attendants' Strike to Cost Air France-KLM More Than 90 Million
August 02 2016 - 3:00PM
Dow Jones News
PARIS—The seven-day strike by unions representing Air France's
flight attendants will cost the Franco-Dutch airline group more
than 90 million euros ($101 million), the company said on
Tuesday.
Flight attendants at the French arm of Air France-KLM walked out
on July 27 until Aug. 2, demanding an expiring labor contract be
renewed for a period longer than the 18 months management has
offered. Contract talks are expected to resume later this
month.
The company on Tuesday said it had canceled 1,400 flights,
though 80% of short- and medium-haul flights were maintained, as
were 90% of long-haul flights.
In 2015, Air France-KLM managed to post a net profit after
losing money for eight years. The turnaround mainly reflected
falling fuel prices and cost reductions.
This latest strike was the second this year, after pilots walked
out between June 11-14 to protest a management plan to make them
fly more for lower hourly pay. The company in that case postponed
implementation of the plan regarding the pilots, pending continuing
negotiations. That strike had cost the company around €40
million.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
August 02, 2016 14:45 ET (18:45 GMT)
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