Air France-KLM Cuts Earnings for Third Time

Air France-KLM is experiencing significant financial difficulties, with earnings projections falling short by €1 billion compared to initial expectations. The airline is delaying orders for new, fuel-efficient jets due to cost-cutting measures, despite falling oil prices. In contrast, the airline industry is generally growing, with other companies like IAG making strategic acquisitions. Air France-KLM's struggles are exacerbated by a historic pilot strike and pension issues. Meanwhile, IAG has made a bid for Aer Lingus, which was initially rejected, but the move has impacted Aer Lingus's share price positively.

What are the reasons behind the persistent weakness in Air France KLM's long-haul flight sales?

What was the outcome of IAG's bid for Aer Lingus?