Related Coverage: Lufthansa, KLM, Air France, Frequent-flyer programs
Bloomberg
• Albertina Torsoli
Bloomberg reports: Air France-KLM will freeze the hiring for support staff as part of a cost-cutting drive after reporting a wider first-quarter operating loss amid higher expenses, the conflict in the Middle East and lower cargo unit revenue.
After a first-quarter earnings hit from strikes, Lufthansa anticipates a robust recovery with bookings up 16% over last year, aiming for over 95% pre-pandemic capacity in Q3.
After nearly three decades with Star Alliance, SAS finalizes its shift to SkyTeam, aiming to enhance connectivity and benefits for its EuroBonus members.
In a strategic move amid rising regional tensions, KLM has announced it will alter its flight routes to avoid flying over Israel and Iran as a precautionary measure.
Air France–KLM is a Franco-Dutch airline holding company created in 2004 through the merger of Air France and KLM. Both airlines are members of the SkyTeam alliance, and rely on two primary hubs, Paris–Charles de Gaulle Airport and Amsterdam Airport Schiphol. In 2014, Air France–KLM Airlines transported 87.3 million passengers worldwide.
Despite a 5.1% increase in revenue to €6.7 billion, Air France-KLM reported losses in the first quarter of 2024, indicating ongoing challenges.
In response to a wider first-quarter operating loss driven by increased expenses and lower cargo revenue, Air France-KLM is implementing hiring freezes for support staff.
After a first-quarter earnings hit from strikes, Lufthansa anticipates a robust recovery with bookings up 16% over last year, aiming for over 95% pre-pandemic capacity in Q3.
After nearly three decades with Star Alliance, SAS finalizes its shift to SkyTeam, aiming to enhance connectivity and benefits for its EuroBonus members.
In a strategic move amid rising regional tensions, KLM has announced it will alter its flight routes to avoid flying over Israel and Iran as a precautionary measure.
Following its recapitalisation involving Air France-KLM, Scandinavian Airlines (SAS) will move from Star Alliance to SkyTeam, with EuroBonus members set to receive loyalty benefits with most SkyTeam airlines starting September 1.
Facing unbeatable prices from state-supported Gulf airlines, Lufthansa and Air France-KLM are scaling back their Asia offerings, highlighting the intense market pressures.
In a landmark ruling, an Amsterdam court has declared that Dutch airline KLM's 'Fly Responsibly' campaign constituted 'greenwashing', misleading customers about the climate impact of air travel.
In a strategic move to navigate financial distress, Scandinavian airline SAS AB has successfully obtained U.S. Bankruptcy Court approval for its reorganization plan, backed by investments from Air France-KLM and Castlelake LP.
In a significant legal move, Air France-KLM, alongside its subsidiary Air France, has lodged appeals with the EU Court of Justice contesting previous rulings on state aid.
Air France-KLM reported its highest annual revenue in 2023 and significant operational profits. However, the group faced a downturn in Q4 with cargo activity struggles and rising unit costs, highlighting a cautious outlook for 2024.
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