Lufthansa, Air France-KLM to cut costs after tough first quarter
By Joanna Plucinska, Rachel More and Diana MandiaBERLIN/LONDON/GDANSK (Reuters) - Two of Europe's top airline groups, Lufthansa and Air France-KLM, announced plans to cut costs after reporting wider first-quarter losses on Tuesday as they faced high customer payouts due to flight disruptions and labour disputes.
Air France-KLM Looks to Cut Costs as First Quarter Loss Widens
Air France-KLM will freeze the hiring for support staff as part of a cost-cutting drive after reporting a wider first-quarter operating loss amid higher expenses, the conflict in the Middle East and lower cargo unit revenue.
Air France-KLM Stock Down On Wider Q1 Loss Despite Revenue Growth; Sees Higher Capacity In FY24
Shares of Air France-KLM Group (AFRAF.PK) were losing around 4 percent in the early morning trading in Paris after the French airline
Air France-KLM reports worse than expected Q1 results as costs soar
Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31 million) as it faced high customer compensation at Dutch carrier KLM and one-off payments to staff.
Air France-KLM Posts Wider Net Loss as Earnings Hit by Disruption Costs, Weaker Cargo
By Pierre Bertrand Air France-KLM reported a widened net loss Tuesday after first-quarter earnings were affected by disruption costs and weaker cargo
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