French Aviation Goes On Strike Again, Air France Forced To Cancel Half Of Its Flights
AP
Pilots for Air France have forced the country's national carrier to scrap half of its flights on Monday, reports the AFP. Should the strike continue into Tuesday, the Airline expects to cancel as much as 60% of its scheduled service. As a result, Air France-KLM stock has slipped 3.5%. This could cost the airline as much as $19 million a day.
This strike comes just months after the country's air traffic controllers walked off the job in June, causing the cancellation of 1,800 flights. This time, strikers are protesting Air France's plans to transition short-haul and domestic service to the company's low-cost and lower-salaried Dutch subsidiary, Transavia.
REUTERS/Charles Platiau
These move follow those of Germany's Lufthansa, which has turned over large chunks of its short-haul flights to low-cost subsidiaries Germanwings and Eurowings. The overall business trend is a reaction to the growing need to cut costs due to mounting financial pressure from budget giants Ryanair and Easyjet.
REUTERS/Marcus Donner
The airline has cancelled more 200 hundreds flight on Monday at its Charles de Gaulle hub in Paris. There is no word how negotiations are progressing between Air France and its pilots union. However, the strike is scheduled to last up to six days.
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