There's no end in sight. European network airlines are now several years into aggressive cost-cutting efforts, but recognize they cannot afford to ease up if they want to ensure their long-term survival as they battle low-fare carriers, competition from high-speed rail and high fuel costs. How much the carriers have already achieved is underscored by recent financial results. Air France-KLM and British Airways, for instance, have delivered strong revenue performance. In fact, Air France-KLM recently told investors it would beat its year-end financial projections, topping last year's profit of 534 million euros ($636 million).
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