Air France Strike Cancels 25% of Flights, Threatens CEO’s Job
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Air France yet again canceled a quarter of its total flights on Monday and Tuesday as the airline continues to deal with employee strikes that have rocked the carrier all spring and has cost it about $270 million.
Monday marked the 10th day of the strike, which began in February and has been unfolding in multi-day spurts since then. Roughly 28% of Air France pilots are expected to participate in Monday and Tuesday’s strike over staff pay disputes, and about 20% of flight attendants will take part as well.
The airline said 65% of long-haul and medium-haul flights will still depart Paris’ Charles de Gaulle Airport (CDG), and 85% of short-haul flights are set to take off from Paris Orly (ORY) and additional regional airports. Customers with flights canceled or delayed more than five hours can obtain a refund, and Air France is offering rebooking at no extra cost.
Among the staff’s demonstrations and flight schedule disruptions, Air France KLM’s stock fell Monday morning, with shares dropping 1.4% in early trading. The airline’s shares had previously fell 4% late Friday. The airline said its latest offer in negotiations — a 7% pay increase over four years — did not get enough signatures approving it by the deadline on Friday.
Now, Air France is entering a new consultation period. Beginning on April 26 and spanning into early May, airline executives are asking all Air France staff to fill out an electronic survey with their opinions of the deal that was submitted on April 16. Air France KLM Group CEO Jean-Marc Janaillac said if the negotiations fail, it would be difficult for him to stay at the airline’s helm.
“I cannot see how I could stay at the head of the company,”Janaillac said at a press conference last Friday.
H/T: Reuters
Featured image by PHILIPPE LOPEZ/AFP/Getty Images.
Sign-up Successful!
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,600
CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.