Lufthansa and AF-KLM blame weak Q1 cargo business for poor results
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with ...
ATSG: UPDATEMAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS
ATSG: UPDATEMAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNERCHRW: NO JOYUPS: STEADY YIELDXPO: BUILDING BLOCKSHLAG: BIG ORDERLINE: REACTIONLINE: EXPENSES AND OPERATING LEVERAGELINE: PIPELINE OF DEALS
Air France-KLM’s board believes it should improve “interaction and consistency” between its two airlines. As a result, it is taking the surprisingly late step of inviting KLM’s chairman to AF-KLM board meetings, while Air France’s CFO will be invited to KLM board meetings. Group chairman and CEO Alexandre de Juniac (pictured), meanwhile, has won another four-year term at the top – and will be invited to attend Air France board meetings. A truly baffling airline.
Over at Martinair – which appears now to be on its way out – things remain baffling too. According to De Telegraaf, it will cost the carrier €56m to pay off redundant pilots – two years’ salary and a pension supplement. Apparently Martinair cannot currently afford to make them redundant and will have to look for ways to finance it. The Works Council has argued that it is cheaper to let them keep flying.
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