Air France is targeting cost savings of €650 million ($735 million) over the next three years as part of the Air France-KLM Perform 2020 plan, which succeeds the group’s Transform 2015 program. The target level of cost saving is equivalent to a 1.5% average annual reduction at the French carrier as the group targets more growth and competitiveness. The additional cost savings come on top of cuts of more than €1 billion in annual costs achieved by the group over three years ...

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