Air France-KLM and Lufthansa implement cost-cutting measures due to Q1 losses from strike disruptions and reduced bookings.
Air France-KLM and Lufthansa are implementing cost-cutting measures following higher first-quarter losses due to strike disruptions and reduced bookings resulting from Middle Eastern tensions. Both companies reported increased deficits during the period. Lufthansa will freeze projects and review hiring in some areas, while Air France KLM has decided to halt hiring support staff. Both airlines reported widening losses for the first quarter.
April 30, 2024
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