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Lufthansa is to cut operating costs, pause new projects and increase scrutiny on additional administrative staffing

Lufthansa, Air France-KLM to cut costs after tough Q1

Two of Europe's top airline groups, Lufthansa and Air France-KLM, today announced plans to cut costs after reporting wider first-quarter losses as they faced high customer payouts due to flight disruptions and labour disputes.

Business • 30 Apr 24

Air France-KLM faced higher costs tied to supply chain-related disruptions during 2023

Air France-KLM posts record 2023 revenues

Air France-KLM swung to an unexpected loss in the last quarter of 2023, hit by higher costs and disruptions caused by conflict in the Middle East, sending its shares down 10% this morning.

Business • 29 Feb 24

Air France-KLM's chief executive Ben Smith

Air France-KLM eyes further recapitalisation this year

Air France-KLM may raise additional capital to bolster its balance sheet as travel begins to recover from the Covid-19 pandemic in coming months, chief executive Ben Smith said.

Business • 19 Apr 21

Air France-KLM sees bigger losses before recovery

Renewed Covid-19 lockdowns are pushing Air France-KLM deeper into the red, the airline group warned today, as it chalked up a €7.1 billion net loss for 2020 and postponed a key mid-term profitability goal.

Business • 18 Feb 21

Air France-KLM CEO Ben Smith said that policymakers should consider introducing minimum ticket prices

Air France-KLM discussing capital raising - CEO

Air France-KLM is discussing plans to raise more capital with its main shareholders, the French and Dutch governments, CEO Ben Smith said in an interview today.

Business • 21 Sep 20