Air France has postponed plans to expand its low-cost Transavia subsidiary in a bid to bring a week-long end a pilots’ strike to an end.
European travelers as well as staff of the airline have been suffering as Air France pilots went on strike for seven days now.
This strike generates an operating loss of up to 20 million euros per day, plus customer compensations and the impact of the gradual recovery in traffic in the days following the return to normal operations. Once the dispute is over, the Group will update its EBITDA target for the 2014 financial year.
Negotiations with the pilot unions, notably the SNPL, have taken place daily.
Management said that Air France-KLM's development on the low-cost market in Europe is both strategic and urgent for the Group's future, given that this market is fast-expanding and their competitors have adopted particularly offensive strategies on the French market.
Union chiefs have declared the strike will continue to the end of the working week, following last week’s vote by pilots to hold out.
Air France expects to operate 48% of its flights on Tuesday 23September 2014, given an estimated 57% of pilots planning to strike. The flight schedule is updated 24 hours in advance. Air France asks its customers to check on www.airfrance.com that their flight is operating before going to the airport. The flights displayed as maintained for 23 September will operate.
Air France once again recommends its customers with a flight reservation between 15 and 26 September to postpone their trip or change their ticket at no extra cost.