Air France plans to cut €1 billion ($1.27 billion) in costs by 2007, with €600 million of this being achieved in 2006-7. The figures are for its own operations and do not take into account its merger with KLM. The first cost-cutting plan, to be implemented from 29 March, according to French press reports that Air France would not confirm, is on its medium-haul routes where Air France intends to cut one cabin crew member from every flight and offer fewer services. Meanwhile, Air France posted a better-than-expected performance in its third fiscal quarter (October-December 2003) with net pre-tax income up 24.2% at €41 million and turnover stable at €3.13 billion.
Source: Flight International
