Transportation • Air Transportation & Traffic, Flying

Dutch minister in doubt of Air France-KLM's future without more cost cuts

The Dutch Finance minister Wopke Hoekstra said Sunday Air France-KLM needs to lower its costs to survive its current crisis. Air France-KLM stated last month that it was losing 10 million euros per day due to the Covid-19 crisis.

In an interview with the Dutch public television, Hoekstra said, "The survival of Air France-KLM is not a given, They will have to address their cost base even as things stand now. And suppose this situation lasts until the end of next year, then they will have to cut even deeper."

Back in July, French and Dutch governments loaned a total of €10.4 billion, and in return, KLM has said it would reduce its staff by 20%, and Air France would reduce 16% of its workforce, through 2022.

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