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Air France-KLM plans to take on low-cost rivals

Acquisitions likely to win back budget share; Q2 earnings rise to 641m euros

Published Sun, Jul 27, 2014 · 10:00 PM
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Paris

AIR France-KLM posted a sharp increase in core profit for the second quarter and announced a new 2015-2020 plan to recapture market share from low-cost rivals in Europe, helping push its shares up more than 5 per cent.

Europe's second-largest traditional carrier by revenue joined its bigger rival Lufthansa in trying to win back business from low-cost champions such as easyJet and said it was prepared to use acquisitions to achieve its aim.

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