AF-KLM slashes Martinair freighters, cuts jobs

The Air France-KLM Group has announced that its all-cargo unit, Martinair Cargo is to scale back its full-freighter fleet faster than previously planned, affecting more than 330 of its employees including 110 pilots.


AF-KLM slashes Martinair freighters cuts jobs


The Air France-KLM Group has announced that its all-cargo unit, Martinair Cargo is to scale back its full-freighter fleet faster than previously planned, affecting more than 330 of its employees including 110 pilots. Speeding up the moth balling of its fleet of six MD-11Fs that AF-KLM management had previously said would be retired earliest by December 2016, the fleet will now be finished by June next year.

“Air France-KLM-Martinair Cargo has decided on a business model, which requires less freighter capacity, rather than a model with no freighters at all,” the group said in a statement. “The reduction is unavoidable if the cargo business is to be restored to good health.”

The decision was made in order to urgently stem the worsening financial situation in the group as the cargo losses widened to €212 million in 2014 from €202 million in 2013 as it incurred a €113 million impairment related to freighters operated by Amsterdam-based Martinair.

However, it added: “Cargo remains a core business for the Air France-KLM Group. It generates income of €2.5 billion per year and contributes around €1 billion a year to the passenger network. It goes without saying that pulling out of the cargo business is out of the question.”