Air France KLM estimates impact of strikes at 335 million euros

The management of Air France KLM presented its half-year results on Wednesday, estimating the impact of the strikes at 335 million euros. However, nothing was said about the future governance of the airline group.
Air France KLM
From left to right: Pieter Elbers (Chairman of the KLM Management Board), Frédéric Gagey (Chief Executive Officer of Air France KLM), and Franck Terner, (Chief Executive Officer of Air France)

Journalists who responded to the invitation fromAir France KLM on 1 August in search of information about the new governance were left wanting. Like a symbol, Anne-Marie CoudercThe Acting President of Air France KLM did not make the trip to the Pullman Tour Eiffel on Wednesday morning for the traditional announcement of the half-year results. It was therefore a triumvirate comprising Frédéric Gagey (CEO of Air France KLM), Pieter Elbers (Chairman of the KLM Management Board) and Franck Terner(Chief Executive Officer of Air France), who appeared before the press, confined himself to confirming that " the [designation] process is continuing ".

Inevitably, the strikes was not long in coming. Air France KLM management estimates their impact at 335 million euros in the first half of the year, and 260 million in the second quarter alone. But despite these chaotic weeks internally, and against a backdrop of rising fuel prices, the airline group was able to capitalise on sustained demand to limit the damage and post encouraging results for the rest of the year.

Air France KLM
Air France KLM results presented on 1 August

As for the Group's strategy for the coming months, it will continue to focus on developing international partnerships. A joint venture with Air Europa to strengthen Air France KLM's position in Latin America. " The deepening of our cooperation with Air Europa through a joint venture provide a solid basis for working even more closely together to strengthen our offer on routes between Europe and Central and South America We are delighted to be able to offer our customers the best possible service," says Frédéric Gagey, Chief Executive Officer and Deputy Chief Financial Officer of the Air France-KLM Group. We are striving to consolidate our leading role in these markets and to offer our customers even more benefits with our long-standing partner Air Europa. "he continues.