What competition does Air France face from low-cost carriers?
Pilot Strike Causes Turbulence for Air France Earnings
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Business, Architecture
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Hard
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The video discusses the financial impact of a strike on Air France-KLM, which reduced their operating profit by €330 million and could cost up to €500 million. Despite this, the group expects positive earnings, though Air France may continue to lose money. KLM faces internal challenges with executive resignations and job cut rumors. The video also highlights concerns about future bookings and competition from low-cost carriers like EasyJet and Ryanair. The Transavia project for Europe was abandoned, but the French project remains, indicating ongoing social conflicts.
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What was the outcome of the pilots' strike regarding the Transavia project?
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