Air France will 'disappear' if unions block reforms

Air France will 'disappear' if unions block reforms

Air France will 'disappear' if unions block reforms

On Friday Air France-KLM's chief executive quit over the crisis.

Bruno Le Maire's notice that Air France could "vanish" comes as staff starts another round of new activity over a compensation question. The state owns a 14% share of the company but will not bailout the company the minister warned.

Monday's walk-out is the 14th day of action.

The airline said 99% of its long-haul flights would operate out of Charles de Gaulle, along with 80% of medium-haul flights from the same airport.

The government's response is seen as a test of labour reforms launched by French President Emmanuel Macron. There have been strikes at the SNCF rail organization too.

Air France is entering its third week in a walkout by air-crews, ground staff and pilots demanding a 5,1% pay rise; Le Maire said the company faced a challenge of competitiveness and could "disappear", appealing to workers to be responsible.

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Janaillac, who is chairman at Air France as well as chairman and CEO of parent group Air France-KLM, agreed to stay on until a May 15 shareholder meeting, the company said in a statement.

Over the first quarter of 2018, the company posted €269 million in losses, up from €33 million during the same period previous year.

British Airways and Lufthansa have already undergone heavy cost-cutting in recent years, amid rising competition from low-priced airlines and carriers from the Gulf states.

Others, including the more moderate CFDT union, which had urged Air France to back management's pay proposal, warned that "dialogue was blocked" and said the SNPL was too inflexible.

Air France got merged with Dutch bearer KLM in 2004.

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