Air France CEO predicts a return to profit this year

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP April 7, 2014 15:15

Air France CEO predicts a return to profit this year

Following six years of losses, Frédéric Gagey, Chairman and Chief Executive Officer Air France, has commented that he expects Air France to breakeven and return a small profit in 2014.

Revenue has not improved for the airline’s short and medium-haul routes due to intense competition however the boost to profitability was mainly due to the success of Air France’s recovery plan that comprised a 15% reduction in staff, an effective ad campaign and the expansion of its long-haul network. Over the past two years, Air France has added flights to Panama, Montevideo, Kuala Lumpur and Brasilia.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP April 7, 2014 15:15
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fair-france-ceo-predicts-a-return-to-profit-this-year%2F"> registered </a> users can comment.