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an airport. Trying to win it back will take a lot of effort and probably money as well – money it has lost already because of these strikes.
➜ M AR CUS GB First Quarter 2018 results: Air France lost average for “The Group” of €25 million per day of the strikes. A €211 million loss by Air France. KLM profits doubled to €60 million. The Group’s profits were up 42 per cent for 2017, and 1.41 billion Euros. Share prices were around €14.50 in January – now halved. What a complete failure when prospects were so good. It is very complicated to try to divide the
two [companies] so they can operate as two separate airlines again, but a way must be found. The stakeholders in Schiphol including the Dutch government and city of Amsterdam, KLM teams of staff, and senior execs of KLM, are looking at the scenarios and possibilities.
➜ C AP E TONIAMM I am not holding my breath that there will be anyone who can improve the situation. In fairness, I doubt if that’s possible until the unions are neutralised and someone with a spine and an international background runs both the country and the airline. So it will be, as the French say : “Plus
ça change.” DISCOVER GRAN MELIÁ
As Business Traveller went to press, it was announced that while Air France-KLM searched for a new chief executive, it would be run by a three-person executive committee comprising of group finance director Frederic Gagey and the chief executives of Air France and KLM, Franck Terner and Pieter Elbers. BT
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