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 ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
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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