Air France Pilots on Strike

Competition from lower-cost airlines such as EasyJet and Ryanair has redirected the demand from pricier Air France to its cheaper counterparts. As a result, the beginning of this year saw Air France faced with a net loss of €614 million. In a move to become more cost-effective, Air France had planned to shift its focus on to the cheaper Transavia Airlines. Unfortunately for the pilots (who mind you, appear to earn €160,000 yearly,) this low budget airline would mean lower pay and welfare benefits- effectively leading to the longest strike Air France has seen since 1998. Evidently, a move to become more cost-effective has backfired and the airline is losing €20 million a day due to the strikes.

http://www.businessinsider.com/air-france-strike-implications-2014-9

http://www.businessweek.com/articles/2014-09-29/europe-gets-fed-up-with-striking-pilots-at-air-france-luftansa

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