Air France-KLM vows to boost profit with new performance plan

[PARIS] Air France-KLM pledged to improve its core earnings by 8 to 10 per cent a year through 2017 as part of a new strategic plan combining an assault on the European leisure market with efforts to improve its appeal to long-haul travellers.

The Perform 2020 plan calls for new planes for its Transavia low-cost unit in Europe, coupled with further restructuring of loss-making activities.

Details were released ahead of an investor meeting later on Thursday.

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