1. Air France-KLM Group, Europe's biggest airline, reaped savings of 525 million euros over three years by combining purchasing, sales and information technology. It plans deeper integration of the strategic functions of the group
2. It initiated a new cost-savings program to reduce expenses by 1.4 billion euros over three years.
3. The dividend was increased 60 percent to 48 cents a share.
4. It has hedged 76 percent of its fuel needs at $60 a barrel. Oil is now the airline's second-biggest cost after labor.
5. It is using the carrier's bases at Paris Charles de Gaulle and Amsterdam's Schiphol airports to offer more connecting flights than rivals.
Blessed are the frugal for they shall reap the world for longer.
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