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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

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PERFORM 2020 New plan to focus on maintaining position in long-haul markets and trying to grow in short-haul markets. - PHOTO: BLOOMBERG

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

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