23-Sep-2014 8:20 AM

Air France: Pilots' strike generating loss of EUR20m per day, EBITDA guidance to be updated

Air France provided (22-Sep-2014) an update on the ongoing pilots' strike, which is generating an "operating loss of up to 20 million euros per day." Air France-KLM will now update its 2014 EBITDA target following the conclusion of the strike. Air France-KLM stated negotiations with pilots' unions "have taken place daily", with Air France-KLM chairman and CEO Alexandre de Juniac and Air France chairman and CEO Frédéric Gagey spending more than 40 hours in negotiations to date. Air France stated: "Every day, they have been submitting new constructive proposals to resolve this conflict. On their part, the pilot unions have not put forward any proposal demonstrating their willingness to find a solution. Management can only note that talks have reached a deadlock situation." [more - original PR] [more - original PR - II - English/French]

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