Page last updated at 18:06 GMT, Wednesday, 18 November 2009

Air France-KLM to cut 1,700 jobs

Air France carrier
The airline has been cutting jobs over the past year

Air France-KLM is planning to cut 1,700 jobs next year after the airline posted a worse-than-expected quarterly loss.

The company will ask workers to take voluntary redundancy at Air France in 2010. It is already cutting 3,000 jobs in the year to 31 March 2010.

The firm made a net loss of 147m euros ($219m; £131m) between July and September, compared with 27m euros in the same period last year.

Analysts had expected a loss of 130m euros in the quarter.

The airline axed 2,700 jobs in its last financial year as the global downturn hit it hard.

Air France-KLM is the largest airline in Europe by revenue.



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