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More jobs cuts at Air France

More jobs cuts at Air France
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Air France is to cut another 2,800 people from its workforce next year.

The airline blamed weak passenger demand. “We are in a period of weak demand,” Chief Executive Frederic Gagey told a news conference. “We have felt the full brunt of the cyclicality of air transport.”

It said it no longer expects to reach a target of breaking even this year and is heading for its sixth consecutive annual operating loss.

The carrier – which is part of Franco-Dutch group Air France-KLM – will start talks with the unions in early early October on further voluntary redundancies next year.

The cuts are on top of 5,120 layoffs planned by the end of this year.

Air France has been hurt by the impact of Europe’s economic woes on demand for air travel, soaring fuel costs, and aggressive competition from low-cost carriers in the region and Gulf carriers on long-haul routes.