Air France-KLM to cut summer services
The global crisis is forcing the airline to reduce flights by 3.4 percent from 29 March to 25 October.PARIS – European airline giant Air France-KLM is to cut its services by 3.4 percent its services for summer 2009 compared with last year because of the global economic crisis.
"The Air France KLM Group’s summer 2009 schedule from 29 March to 25 October has been adjusted in line with the sharp decline in demand caused by the unprecedented global economic crisis which is affecting all corners of the world," a statement said Wednesday.
The cut, affecting both long and medium-haul services, would see a reduction in the number of flights to some destinations rather than the closure of any routes, the company said.
The measure, which is tougher than predicted by airline boss Pierre-Henri Desgeorges in January, follows a six percent fall in Air France-KLM's passenger traffic in February.
The announcement came as European rival Lufthansa warned of a hard year ahead after its 2008 net profit fell 64 percent to EUR 599 million.
Asia's Cathay Pacific and US Delta have also posted heavy losses for 2008.
AFP / Expatica