Air France-KLM’s Profitable Dutch Arm Seeks $870 Million in Cuts
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Air France-KLM Group’s Dutch unit asked employees to suggest ways of shaving 700 million euros ($870 million) from costs over five years to cover the expense of wide-body jet upgrades and other service enhancements.
Pieter Elbers, KLM’s new chief executive officer, briefed 500 workers including managers, cabin crew and ground staff on the need to fund 550 million euros of spending on new seats for 15 Boeing Co. 777-200 planes, an expanded Amsterdam business lounge and issuing flight attendants with Apple Inc. iPhones.