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Job cuts likely at Air France-KLM despite cheap oil: analysts

Thursday, January 22, 2015 - 05:50

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Job cuts are not the only option open to Air France-KLM. In December, it said it was thinking of freezing some investments and postponing the delivery of new aircraft.

Paris

CHEAP fuel prices are doping the finances of airlines, but analysts say European giant Air France-KLM may still be forced to make further job cuts to cope with stiff competition and a sluggish economy.

Despite the company's assertions that no decisions have been taken, the

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