AF-KLM Cargo's 2023: more capacity, but less volume and revenue
The commercial relationship between AF-KLM and CMA CGM Air Cargo netted some €20m ($21.6m) in ...
© Khunaspix Dreamstime.
By Alex Lennane
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.
Comment on this article