British and French mobile operators are poised to strike a deal that would provide mobile phone coverage in the Channel Tunnel in time for the 2012 Olympics. London Mayor, Boris Johnson, is also aiming to bring 2G and 3G coverage to the Tube ahead of the games.
Canadian visitors to the United Arab Emirates face paying up to $1,000 for a visa following a diplomatic spat between the two countries. The controversial move follows a decision by the Canadian government to refuse extra landing rights at the country’s airports to two major UAE airlines.
Air France-KLM Group has seen its stock rise this morning, as Europe’s largest carrier raised its full-year profit forecast. The French carrier forecast an operating profit for the year ending March 2011 on resurgent bookings, from an earlier prediction for breakeven.
Air France-KLM could launch a “low-cost” domestic carrier in a bid to win back market share in France from budget rivals. Dubbed “Air France Express”, the pan-European carrier could start service as early as next year from a series of bases across southern France.
Air France-KLM has agreed to pay $87m in settlement for civil damages relating to price fixing in its cargo division. It joins the likes of British Airways, Cathay Pacific, Qantas and Korean Air, which have all paid significant fines following an undercover investigation into global air freight price fixing between 2000 and 2006.
Italian flag-carrier Alitalia has joined a trans-Atlantic venture with Air France-KLM and Delta Airlines. With the addition of the rejuvenated Italian carrier the venture now represents approximately 26 per cent of total trans-Atlantic capacity – with 250 flights and approximately 55,000 seats each day.
Air France-KLM has reported a record loss of €1.56 billion in what its chief executive described as the airline’s “annus horribilis”. After a year marked by the crash of Flight 447 off the coast of Brazil, Europe’s largest airline blamed the losses on passengers shifting to low-cost carriers and downgrading from business to economy.
Air France-KLM is to cut 1,700 jobs next year after posting a worse-than-expected quarterly loss. The Franco-Dutch carrier, which is already cutting 3,000 jobs this year, reported a net loss of €147m, which it blamed on fuel hedging losses and poor cargo traffic.
Europe’s largest airline, Air France-KLM has issued a stark profit warning, whilst also disclosing that it has dropped into the red for the current financial year.The aviation giant has said its operating loss is running at around €200m for the past 12 months and warned that the outlook appears similarly bleak for the forthcoming year.
The Air France KLM Group’s summer 2009 schedule (29 March - 25 October) has been adjusted in line with the sharp decline in demand caused by the economic crisis which is affecting all corners of the world.
Air France-KLM is to cut as many as 1,200 jobs after weak ticket revenues and dwindling cargo volumes forced a sharp rise in third-quarter losses to €200 million.The Franco-Dutch group unveiled a cost-cutting programme of €1.2 billion. The job cuts, which will include some 450 managers, will be through natural attrition and no one will be fired, spokesman Nicolas Petteau promised.