Air France (AFLYY.PK) decides to freeze pay and hiring at its main domestic unit in an effort to...

|About: Air France-KLM ADR (AFLYY)|By:, SA News Editor

Air France (AFLYY.PK) decides to freeze pay and hiring at its main domestic unit in an effort to return to profitability. The carrier expects to realize €1B ($1.28B) in annual savings from the cost-cutting measures and says it will also push back delivery time tables on Boeing (BA +0.8%) and Airbus (EADSY.PK) jet orders.