France's Finance Minister, Christine Lagarde, said the "job market is stabilising" and added that the Ministry is predicting a total of 71,000 jobs will be lost in 2010, mostly in 1H2010, after 373,000 jobs were shed in 2009 (Bloomberg, 02-Sep-2010). Separately, France's National Institute of Statistics and Economic Studies (Insee) stated (02-Sep-2010) France's unemployment rate unexpectedly fell for the first time in two years in 2Q2010, declining to 9.7% from 9.9% in 1Q2010.
France unemployment falling; job market stabilises
You may also be interested in the following articles...
China’s role in international aviation – and tourism – in 2025. The CAPA-ACTE Global Summit
The CATA-ACTE Global Summit in Amsterdam explored some of the changes that will likely come to Chinese aviation and tourism by 2025. The viability of secondary markets has a mixed prognosis as British Airways exits Chengdu, but Vancouver airport expects sustainability from the secondary cities it is linked to – some of the first secondary routes from Chinese airlines.
Partnerships and joint ventures are expanding and becoming more pressing subjects. oneworld is without a mainland Chinese partner, while China Eastern is exploring partnerships outside its SkyTeam alliance: it has a JV with Qantas and a partnership with BA, but Delta's minority equity investment gives it footing. Partnerships will influence, or be preceded by, liberalisation – including eventual China-US open skies.
Although the Chinese outbound travel market is celebrated for its growth, a downturn can occur just as quickly. While visa liberalisation with Morocco has resulted in the country becoming a new popular market for Chinese visitors, terror attacks in France have reduced visitor growth not only in France but also in neighbouring countries, as visitors shun the region.
Air France-KLM: long haul low cost airline could be part of new CEO's vision as French Blue enters
Air France-KLM chairman and CEO, Jean-Marc Janaillac, who took charge in Jul-2016, has talked about the possibility of launching long haul low cost operations (Bloomberg/luchtvaartnieuws.nl, 20-Sep-2016).
If Air France-KLM were to enter this segment it would be the second of Europe's big three legacy airline groups to do so, after the Lufthansa Group. Ironically, there is no long haul low cost competition to Lufthansa in Germany. By contrast, IAG faces more such competitors in the UK than either of its two major rival groups in their largest home market, but currently has no plan for such an operator.
Air France-KLM management told analysts on a conference call in May-2016 that it was sceptical about the sustainability of year-round profits for long haul low cost. However, new competition has prompted Mr Janaillac to look more closely at this market segment. Since Jul-2016 Norwegian has commenced trans-Atlantic long haul operations from Paris CDG. In addition, since Sep-2016, the new-start long haul LCC French Blue now flies on routes to the Caribbean. Mr Janaillac is expected to report on his strategic vision for Air France-KLM in early Nov-2016. Labour relations will be crucial to the group's development – not least in the area of long haul low cost.