Air France KLM to immediately cut costs by €1 billion
Posted 13/01/2012
Air France (AF) KLM Group on Thursday revealed its three-year “transformation plan” to bring the company back to profitability by cutting costs immediately by €1 billion ($1.27 billion) and rapidly reducing debt by €2 billion to €4.5 billion by the end of 2014.
Originally published 12 Jan 2012 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/PENiW2rWrHU/air-france-klm-immediately-cut-costs-1-billion-0112
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