7/29/2013

As it continues on its cost-cutting campaign, Air France-KLM is seeing quarterly improvement, but it's not enough, says CEO Alexandre de Juniac. The airline this fall expects to announced voluntary layoffs and other steps to further its turnaround. "[R]evenues remain below target at this stage and the turnaround of the medium-haul and cargo businesses in particular are taking longer than expected," de Juniac says.

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