Barack Obama leads all right to socialismThe slightest electoral law is still debateAnd the American Dell could follow them suitIt must also have strong qualities of ManagerBeing a former represents an enormous responsibilityIt appears that the largest bidders in this operation are collectors for a long time It does not sell by vocation but by dutyAnd the principal residenceIt is the same and ethical fair trade car with hybrid engineIts operating gross margin increased by 1 point to 29Despite the announcement of a net loss of 505 million for the period from October to December unprecedented in the history of the Group the Air France-KLM action was one of the largest increases of the CAC 40 Friday, winning at 3.25, to EUR 7.98 closing. And this despite the fact that, for the first time since 1996, the air group was moving towards an annual net loss.
Its leaders were apparently able to reassure investors. The Director General, Pierre - Henri Gourgeon, reaffirmed the objective of a positive operating result for the fiscal year 2008-2009, after have preserved it over nine months, at 445 million. If the current quarter is just as bad as the third, there would be some 200 million at year end. Especially, the direction of the Dutch group was able to accompany his presentation of the announcement of new measures to reduce costs.
The tour was the announcement of a reduction of 1,000 to 2,000 jobs, without dry termination. However, this was not really new. On 22 October, Jean-Cyril Spinetta announced to employees a zero for the current year and the following two growth. D' 3,1 qui ne couvriraient plus Mars 2011 sur trois ans des prévisions embauches 3,1 , une réduction de Moitié sur of d' 3,1 qui ne couvriraient plus mars 2011 sur trois ans des prévisions embauches 3,1 , une réduction de moitié sur 3.1 that cover more March 2011 three-year forecasts embauches 3,1 , une réduction de moitié sur hires 3.1, a reduction of half Indeed, the group forecast to decrease 15 on the cargo and passenger supply of 2 in the summer 2009. However, according to an internal calculation, each point of growth or decay of the offer represents between 600 and 800 hirings. The goal of 3.1 of workforce and less in Air France by March 2011, already announced, is therefore very logically specified Friday in a decline of 2 for the current 2008-2009 fiscal year.
Hiring freeze
An also already achieved, since the hirings are frozen since last summer. Some 2,000 departures have not replaced the single Air France group, including 1,000 in Air France. Same thing with KLM, which has not replaced a thousand departures in the last three months. Either total of 2.5 of the total staff of the Air France-KLM group, compared to its highest level of September 30, 2008 (111.300). The group is down to 108.500 employees end March 2009 against 111.000 employees in March 2008, only by natural or voluntary departures and the non-renewal of open-ended contracts. The three-year agreement signed in 2006 and valid until July 2009, excludes indeed any resort to layoffs.
One novelty: the close personal retirement would offer incentives to the departure, as the redemption of their missing quarters. The device would involve the support functions and the visits of province. On the other hand, Air France-KLM should continue to hire young drivers, despite an overstaffed planned 200-300 people over the next three years, to not dry up recruitment channels.
But much more significant for the future of the group is the unwinding of oil blankets, which the devaluation reduced the net result of EUR 759 million over nine months. Force renegotiations, Air France-KLM has managed to bring its coverage rate of 80 to 43 for the fiscal year 2009-2010, for an average price of $ 67 a barrel, from 60 to 18 for 2010-2011, to 72 dollars a barrel, and 60 to 21 for 2011-2012. What power finally benefit, even partially, the decline in the price of fuel and reduce the Bill of 1.6 billion next year.
Another major announcement made Friday, a revision to the decline in investment. Addition to the 1.6 billion in savings over three years, announced in November, 600 million additional on the current and the next. According to our information, the delivery of three Boeing 777 - 300 planned for 2010 should drag in 2011, 2012 and 2013, while one of the three Boeing 777 Freighters expected this year would be delayed for 18 months. Air France may also postpone the delivery of an A380, the first two copies will be delivered to it year from 2010 to 2012.
