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American Airlines Group Inc reaffirms Q3 2015 PRASM guidance

Friday, 9 Oct 2015 08:00am EDT

American Airlines Group Inc:Says that it continues to expect Q3 2015 consolidated passenger revenue per available seat mile (PRASM) to be down about 6 to 8 pct year over year.

Air France KLM SA - Air France pilot union says ready to resume talks with management - Reuters

Wednesday, 7 Oct 2015 08:00pm EDT

Air France KLM SA:Air France's Amain pilot union SNPL is ready to resume talks with the carrier's management over a planned restructuring, a union spokesman said on Thursday - Reuters.Air France-KLM Chief Executive Alexandre de Juniac is expected to meet SNPL leaders alongside some of the company's executives on Friday - Reuters.A majority of SNPL's council voted in favour of a resumption of talks with management, spokesman Emmanuel Mistrali said - Reuters.

Air France KLM SA - Alarmed by prospect of more Air France strikes, KLM staff speak out - Reuters

Wednesday, 7 Oct 2015 08:00pm EDT

Air France KLM SA:Dutch employees of Air France-KLM, wary of becoming collateral damage in the company's escalating labour conflict, launched a petition on Wednesday calling on their French colleagues not to carry out any more strikes - Reuters.The petition, which quickly garnered more than 1,000 signatures, is the latest sign of Dutch discontent with the trajectory of Air France-KLM - Reuters.Air France, whose parent is Franco-Dutch group Air France-KLM, announced 2,900 job cuts on Monday, prompting violent protests among its staff, including an incident in which two managers had their clothing torn by angry workers - Reuters.KLM spokesman Joost Ruempol said the petition by KLM cabin crew, which was not sponsored by the company, called on Air France employees to enter a "constructive" dialogue with management and not to further alienate the public - Reuters.Dolf Polders, the representative for KLM cabin and ground crew at the CNV Labour union, said KLM workers had been following the conflict at Air France "intensely." - Reuters.He said KLM, which has already undergone one restructuring in the past two years, is prepared "to make further sacrifices." - Reuters.

Air France KLM SA - Air France may cut 5,000 more jobs in new restructuring - sources - Reuters

Monday, 5 Oct 2015 08:00pm EDT

Air France KLM SA:Air France will cut a further 5,000 jobs if a second phase of its cost-cutting plan goes ahead, on top of an already announced plan to cut 2,900 jobs, two union sources told Reuters on Tuesday, although the French company denied these figures - Reuters.Air France, having failed to secure pilots' agreement for a plan to increase working hours for the same pay, had to come up with a more draconian one earlier this week, unveiling 2,900 job cuts and prompting violent protests among staff - Reuters.That could be just the first phase of the so-called "plan B", union sources said - Reuters.On Monday, Air France said the long-haul business would be reduced by 10 percent, with the fleet down by 14 aircraft to 93 - Reuters.Union sources told Reuters that each aircraft taken out represents 100 stewards, 50 pilots and 200 ground workers, as well as other productivity savings, suggesting total cuts may eventually reach almost 8,000 - Reuters.


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Provider : Renaissance Capital
Provider : Renaissance Capital
Provider : Auerbach Grayson & Co., Inc.
Provider : Stock Traders Daily
Provider : Stock Traders Daily

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