Air France-KLM is looking for savings of €700-800m, according to a report in the French press.
French daily Les Echos said the airline needed the cuts to “face down economic uncertainty.”
It said that Pierre-Henri Gourgeon, the airline’s ceo, met union representatives yesterday (September 5) and said growth targets would have to be cut because of the uncertain economic outlook.
Les Echos said that a salary freeze and capacity cuts are likely to be introduced next summer while divisional heads have been asked to look for other savings.
A decision on whether to purchase 100 new long haul planes is also expected in “the coming days”, Les Echos said.
AF KLM declined to comment on the story.