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 ...

Subscribe to Access this Entire Article

"Air France-KLM targets further cost cuts under Perform 2020 " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.