Air France-KLM CEO Jean-Marc Janaillac announced his decision to resign Friday as Air France crews and ground staff held their 13th day of strikes over pay and rejected the company's wage proposal. In an electronic vote Friday, Air France employees rejected management's offer for a 2 percent pay rise this year and additional 5 percent raise from 2019 to 2021. Air France-KLM also forecast a "notably" lower income this year compared to 2017. After a protracted financial slump, Air France-KLM profits climbed last year as it expanded its global alliances and launched a new budget airline. The CEO of Air France, Franck Terner, will oversee the day-to-day operations of the company.

Source: ABC News May 04, 2018 17:00 UTC