Air France-KLM profits hit by pilots' strike

[mhm]

Air France-KLM is planning to speed up cost cuts and reduce investment after it reported a drop in full-year profits following last year's pilots' strike.

The strike followed a dispute with pilots over plans to expand the group's budget subsidiary Transavia.

The airline's pilot strike, which was the longest in 20 years, offset the benefits of lower fuel prices.
http://www.bbc.co.uk/news/business-31530243