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Air France: Ben Smith challenged to successfully turn around the group

2020-02-20T18:30:13.640Z


The French company, still less profitable than its sister KLM, is affected by the coronavirus.


There are no small savings. Usually, Air France-KLM presented its results in a large Parisian hotel. There it was at the group headquarters overlooking the Roissy slopes. Because the time is no longer for excessive spending. The air carrier is the first in the profession to recognize this: it will pay a heavy price for the coronavirus epidemic.

Read also: Coronavirus contaminates the global economy

" The impact on operating profit will be between 150 and 200 million euros by April, " said the group's chief financial officer, Frédéric Gagey, who expects flights to China to resume in early April. " And if it takes longer, the impact will be greater and we will have to work on a redeployment of capacities, " he continues. Clearly, reallocate planes on other routes, for example North or South America, whose traffic is growing.

230 departures will be made at French stopovers during 2020, which reduces the overstaffing

Anne Rigail, CEO of Air France

Not enough, however, to change the group's roadmap by 2024, announced in early November. " There are no plans to change the strategy ," says the director.

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Source: lefigaro

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