Parent company Air France-KLM on Thursday reported a 1.55 billion euro ($1.8 billion) operating loss for the second quarter, with traffic down 95 per cent from a year earlier. KLM said the new cuts would mean its workforce, which was 33,000 before the pandemic, would be reduced by 20 per cent in all by 2022. By comparison, Air France SA plans to cut 6,500 jobs, or 16 per cent of its workforce, through 2022. Conditions imposed by the Dutch government include pay cuts for executives and pilots, and a ban on bonuses and dividends. KLM, while smaller than Air France, contributed more to group profits in the years before 2020, leading at times to friction between the French and Dutch governments.

Source: Standard Digital July 31, 2020 09:01 UTC