Air-France KLM restructuring in bid to achieve ‘sustainable profitability’

Air France-KLM has outlined its plan to re-optimise its group’s strategic priorities and its financial trajectory over the next five years. The plan includes restoring sustainable profitability building around four main strategic priorities: optimising the operational model, refocusing passenger revenue growth around the most profitable segments, developing initiatives on customer data, maintenance and cargo, and pragmatically analysing consolidation opportunities, the airline said. Benjamin Smith, CEO of Air France-KLM Group, commented: “In a competitive and fast-transforming environment for European airlines, the Air France-KLM Group has all the assets to regain its leadership position.” “Thanks to the dedication of our employees at