Air France-KLM outlines main strategic priorities out to 2024

Air France-KLM outlined (05-Nov-2019) the following strategic priorities over the next five years:

• Optimise the operating model, reducing operating costs and increasing efficiency through simplification of internal processes, accelerating fleet renewal and lobbying French authorities to create a more competitive airline business environment;
• Refocus growth of passenger revenue on the most profitable segments by leveraging hubs and simplifying its brand portfolio around three "master brands": Air France, KLM, and Transavia;
• Continue to grow its other businesses and leverage customer data, accelerate development of the Flying Blue FFP, cargo and engineering and maintenance;
• Continue to "pragmatically evaluate" consolidation opportunities. [more - original PR]