Air France-KLM: major steps against pandemic
(CercleFinance.com) - Faced with the pandemic, Air France-KLM warns that over the next few days it will have to progressively reduce its activity to a large extent, with an offer of available seat kilometres that could be slashed by between 70% to 90%, for a period of two months.
The Franco-Dutch airline has already taken steps to secure its cash, including an additional savings plan that will generate 200 million euros in 2020, and an initial revision of its investment plan which has reduced by 350 million euros.
However, the airline believes that the drop in revenues from passenger traffic resulting from the reduction in capacity will only be compensated (up to 50% about) by the reduction in variable costs before savings measures.
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