AF Air France-KLM SA

The Air France group plans measures to adapt its workforce to the COVID-19 crisis

The Air France group plans measures to adapt its workforce to the COVID-19 crisis

PRESS RELEASE                                                                                  

Roissy, 3 July 2020



The Air France group plans measures to adapt its workforce to the COVID-19 crisis



Air France and HOP! today presented the staff representatives with their strategic orientations and the prospects for adapting the workforce following the COVID-19 crisis which has hit the Group hard.

For three months, Air France's activity and revenue fell by 95%, and at the height of the crisis, the airline was losing 15 million euros per day. Recovery looks set to be very slow due to the uncertainties regarding the health situation, the lifting of travel restrictions and changing commercial demand. In this way, even on the basis of ambitious recovery assumptions, Air France predicts that it will not see the same level of activity as in 2019 before 2024.

The support of the French State, in the form of guaranteed loans amounting to 7 billion euros, will enable the Group to withstand the crisis in the short term and is accompanied by strong commitments to ensure its sustainability. Air France must accelerate its transformation to regain its competitiveness and strengthen its leading position in terms of sustainable transition.

In the context of such a lasting decline in activity, the Air France Group must act with lucidity and responsibility. Its transformation is mainly based on changing its domestic business model, reorganizing its support functions and continuing to reduce its external and internal costs.

For Air France, predictions of staff requirements show a reduction of 6,560 jobs by the end of 2022 out of a current total of 41,000.  The many natural departures expected over this period (more than 3,500) will make it possible to compensate more than half of these job reductions thanks to a favourable age pyramid.

For HOP! the resizing of activity and the restructuring of the company linked in particular to the simplification of the fleet will lead to a reduction of 1,020 jobs over the next three years out of the current 2,420. Taking into account the estimated number of natural departures, the overstaffing figure remains at around 820 at the end of 2022.

Air France and HOP! are working together with the unions to implement plans that give priority to voluntary departures, early retirement arrangements and professional and geographical mobility. Solidarity within the Air France Group will also be implemented with proposals for internal job offers to all employees whose position will no longer exist and who do not wish to be included in the departure plan.

Air France and HOP! will conduct these processes in a spirit of dialogue, and with responsibility and transparency around the challenges of rebuilding the Air France Group.

This reconstruction plan will be presented at the end of July, together with the plan for the Air France-KLM Group.

Attachment

EN
03/07/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Air France-KLM SA

 PRESS RELEASE

Press release - voting rights at 31 july 2025

Press release - voting rights at 31 july 2025 Declaration of number of voting rights Information relating to the total number of voting rights and shares as required by L.233-8 II of the code of commerce and article 223-16 of the general rules of the French market authority (AMF). DateNumber of sharesTotal number of voting rights 07/31/2025262,769,869Theoretical number of voting rights1:370,048,441 1 The theoretical voting rights include all voting rights, including double voting rights. Attachment

 PRESS RELEASE

Communiqué de presse - Droits de vote au 31 juillet

Communiqué de presse - Droits de vote au 31 juillet                  Déclaration du nombre de droits de vote                  Informations relatives au nombre total de droits de vote et d’actions prévues par l’article L.233-8 II du code du commerce et l’article 223-16 du règlement général de l’Autorité des marchés financiers. Date Nombre d’actions Nombre total de droits de vote    31/07/2025262 769 869  Nombre de droits de vote théoriques1 : 370 048 441         1 Les droits de vote théoriques intègrent l’ensemble des droits de vote, y compris les droits de vote doubles. Pièce jo...

Si Yong Ng
  • Si Yong Ng

Air France-KLM - Earnings Flash - Q2 FY 2025 Results - Lucror Analytic...

Air France-KLM has released strong Q2/25 numbers, with EBITDA growth and EBITDA margin improvement. Revenues advanced 6.2% y-o-y, while EBITDA jumped 25.7%. FOCF (post-leases) improved, thanks to the better earnings and lower capex. Reported net leverage was down 0.2x q-o-q at 1.5x. Liquidity was comfortable. We anticipate a solid H2/25 performance, as the top line benefits from higher unit revenues and increased capacity. Profitability will be boosted by the stronger unit revenues and lower...

 PRESS RELEASE

Implementation of a New Liquidity Contract

Implementation of a New Liquidity Contract Paris, August 1st, 2025 Implementation of a New Liquidity Contract Air France-KLM announces the implementation of a liquidity contract for its ordinary shares (ISIN Code: FR001400J770) with Rothschild Martin Maurel, within the framework of the regulations in force, and in particular AMF Decision no. 2021-01 of 22 June 2021. The purpose of this agreement is for Rothschild Martin Maurel to act as a market maker for Air France-KLM shares on the regulated market of Euronext Paris to promote the liquidity of transactions and the regularity of the lis...

 PRESS RELEASE

Mise en œuvre d’un nouveau contrat de liquidité

Mise en œuvre d’un nouveau contrat de liquidité Paris, le 1 aout 2025 Mise en œuvre d’un nouveau contrat de liquidité Air France - KLM annonce la mise en place d'un contrat de liquidité portant sur ses actions ordinaires (Code ISIN : FR001400J770) avec Rothschild Martin Maurel, dans le cadre de la réglementation en vigueur, et en particulier de la Décision AMF n°2021-01 du 22 juin 2021. Ce contrat a pour objet l'animation par Rothschild Martin Maurel des actions Air France-KLM sur le marché réglementé d’Euronext à Paris afin de favoriser la liquidité des transactions et la régularité de l...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch