Airline Air France-KLM saw its turnover fall to €6.6bn in the third quarter of 2014, compared with €7.1bn in the previous year, due in part to the impact of the pilots strike this summer.
The strike, over plans to expand the low cost airline Transavia – reducing pilots’ pay packages – cost the airline €416m.
The airline’s financial director Pierre-François Riolacci has emphasised no drastic measures will be taken.To reduce the impact of the strike, the company will make fewer investments and speed up cost cutting measures which have already been announced.
KLM itself has already dismissed union claims on Tuesday that thousands of jobs will go in the Netherlands.
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