Monday, April 30, 2018

Air France is losing profitability

Air France is losing profitability because pilots pests

Today
Air
France released
preliminary reports on the results of
third quarter. In the second case
largest airline in Europe are not
very well: her pretty Statistics
spoiled intractable pilots
September's two-week strike
which caused serious damage to the company.


By
preliminary estimates, strike
He took out of his pocket carrier
about 500 million, 320 million euros including
direct damage (from canceled flights,
eg). The remaining 180 million - mediated
loss (depreciation of stocks, reduced
the number of sales, etc.). thanks
grumpy pilots, income
the company before payment of duties and taxes
excluding depreciation and inflation,
It amounts to 1.7 billion euros, instead of 2,2 billion.
This reporters on a conference call
announced CFO Air
France Pierre-François
Riolachchi.


Let me remind you,
strike of pilots, one of the longest
in the history of Air
France, there was a
about the fact that a group of airlines
He is trying to compete with low-cost airlines
(Ryanair
and EasyJet),
developing
its own budget division
Transavia.
three-year
restructuring plan, which began
work in 2012 did not help the French
carrier withdraw from unprofitable,
so the company has to look for
other ways to earn. It seemed
It would be a way was found, but he rebelled
avid pilots who ravaged two weeks
native enterprise, requiring conservation
ne_loukosternyh_zarplat and relevant
social guarantees. And to understand them, in general, you can. leadership
the company argues that it is impossible to
develop low cost airlines, spending
on it as much as usual and on. And management can also be understood.


result
strike - the loss of the holding's profitability
15.9%.






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