Traditional carriers facing turbulence
Budget airlines are expanding their market share, flying newer aircraft, going into business travel
[PARIS] With low-cost airlines on the cusp of dominating Europe's skies, turbulent times are in store for traditional carriers that are finding it hard to adapt, as the ongoing strike at Air France shows.
Air France pilots are now into the second week of a strike over management plans to step up development of its budget Transavia unit where pilots are paid considerably less.
The strike has forced Europe's second largest airline after Lufthansa to ground around half of its flights and is costing it 20 million euros (S$32.5 million) per day, which Prime Minister Manuel Valls said on Tuesday "represents a real danger for Air France".
TRENDING NOW
Temasek’s Wan Chee Foong to helm PIL, Lars Kastrup to be board adviser
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
