Entering text into the input field will update the search result below

Air France to lose up to $19M a day from pilot strike

Sep. 14, 2014 11:02 AM ETAir France-KLM SA (AFLYY) StockAFLYY, AFRAFBy: Yoel Minkoff, SA News Editor3 Comments
  • Air France-KLM (OTCPK:AFLYY) has issued a warning, stating it is preparing to cancel approximately 60% of its scheduled flights tomorrow due to a contract dispute with pilots.
  • The strike could expose the airline to as much as €15M ($19.4M) in extra costs and lost revenue a day, says Air France CEO Frederic Gagey.
  • The airline has recently announced its plans to recapture market share from lower-cost airlines, by transferring most of its short- and medium-haul services to its low-cost unit Transavia.
  • The planned shift has angered the main pilot union at Air France, which has called for a one-week strike to protest the cost-cutting measures.

Recommended For You

About AFLYY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
AFLYY--
Air France-KLM SA