Air France strikes continue; 80% of flights to operate May 8

Iraq says its warplanes targeted IS jihadists in Syria

Le Maire also warned that the state - which owns 14.3 percent of the group - would not serve as a backstop.

Air France shares continued on their downward spiral today following the shock resignation of CEO Jean-Marc Janaillac over the weekend.

Unionised staff are set to walk out for the 14th day on Monday as they press for a 5.1 percent salary increase this year as the company recovers from years of losses and restructuring. But over at Air France, that well-oiled worker conflict played out in a decidedly more retro fashion.

Air France-KLM shares suffered their biggest one-day fall in a decade on Monday after its chief executive said he would resign following the rejection of a pay deal by the airline's staff. Air France stock was down almost 13 per cent at 7.08 euros today.

He added: "The challenge is the survival of Air France, the development of a company to which we are all attached".

He also said that the French government, which owns 14.3% of the Air France-KLM holding company, would not provide the carrier with a bailout, according to BFMTV.

On April 26, the management of Air France published a proposal for its employees, subject to an online vote.

Ekiti APC Primaries: Committee Confident Of Successful Exercise
They alleged that Abejide was also writing the serial numbers of their ballot papers to authenticate who they actually voted for. The Ekiti people are set for the APC and we will make sure we produce a candidate that is acceptable to the people."he said".

Regardless of the strike, the carrier demanded that it is ready to keep up 99% of whole deal flights on Monday, 80% of medium-pull administrations and 87% of short-pull flights.

After negotiations reached deadlock, Janaillac called a vote last Friday, the results of which went against him.

"I will not explain to the French that we will.absorb the losses of Air France while Air France does not make the necessary competitive efforts to be at the same level as its major European competitor". It estimates the industrial action has so far cost it 300 million euros ($357 million).

Others, including the more moderate CFDT union, which had urged Air France to back management's pay proposal, warned that "dialogue was blocked" and said the SNPL was too inflexible.

France's finance minister has warned that the survival of strike-hit Air France was in the balance following the departure of the company's chief executive over a pay dispute.

This is in sharp contrast to its performance previous year, when the shares rose 160 percent as Janaillac initiated reforms to restructure and improve the finances of its French brand, said Roche Brune Asset Management's Laverne.

Related News:

  • He always does things with really good intentions

    Filtered for black male respondents, the poll does show Trump's approval increasing from about 11 to about 22 percent. Many called in to say they agree with their decision, but they also got comments saying they were losing a listener.
    Cal Crutchlow wins MotoGP pole position for Spanish GP

    Cal Crutchlow wins MotoGP pole position for Spanish GP

    France's Johann Zarco finished a distant second in Jerez to move into the same position in the standings. Marquez leads the competition with 70 points after four races.
    Royals Win with Flair as Soler Caps 4-run 8th

    Royals Win with Flair as Soler Caps 4-run 8th

    Daniel Stumpf took the loss in relief of starter Francisco Liriano who gave up one-run over seven innings. The Royals will counter with Jason Hammel , who is 0-3 with a 4.91 ERA in six starts this season.
  • Thunderstorm warning: Schools in Haryana to remain shut on May 7, 8

    Thunderstorm warning: Schools in Haryana to remain shut on May 7, 8

    The weather department has issued another alert on Sunday for the possible storms in next 48 hours. Both government as well as private schools will remain closed in the district, added DC.
    Bale save Real Madrid against unbeaten Barcelona

    Bale save Real Madrid against unbeaten Barcelona

    Suarez and Bale otherwise had few openings in front of goal, while Messi and Ronaldo were thwarted by saves from Keylor Navas and Marc-Andre ter Stegen.
    Day takes lead at Wells Fargo, McIlroy and Woods adrift

    Day takes lead at Wells Fargo, McIlroy and Woods adrift

    Watney led the Wells Fargo Championship field by hitting 44 of 54 greens in regulation through three rounds (81.5 percent). But on Sunday, he did something he hasn't done in four years - and it wasn't a positive.
  • Chelsea Inches Close To Champions League Slot

    Jordan Henderson replaced him for the final half an hour and moved the ball quickly as Liverpool pressed in vain for an equaliser. The three point lead over Chelsea is cushioned by a15-goal superior goal difference.
    Class 10 Results Today at 12 Noon at kseeb

    Class 10 Results Today at 12 Noon at kseeb

    The Karnataka SSLC Results 2018 was supposed to be b declared at 11 AM but the time for the declaration has been pushed by 1 hour. This year a total of 51 students were debarred from the Class 10 exams and a total of 2.73% of students were recorded absent.
    Baker Mayfield Is Not Happy With His Roommate At Browns' Rookie Camp

    Baker Mayfield Is Not Happy With His Roommate At Browns' Rookie Camp

    We all knew Mayfield had that fire and didn't want to sit. "We'll see where he is (Saturday) and kind of go from there". Fast forward to last week, when the Cleveland Browns selected Mayfield with the No. 1 overall pick in the NFL Draft.
  • 7 miners killed in cave-in in South Africa

    7 miners killed in cave-in in South Africa

    Follow Fin24 on Twitter , Facebook , Google+ and Pinterest .24.com encourages commentary submitted via MyNews24. The families of the employees have been contacted and are receiving necessary support and counselling.
    Timelapse video captures lava flowing from Hawaii's Kilauea Volcano

    Timelapse video captures lava flowing from Hawaii's Kilauea Volcano

    Leilani Estates had a population of 1,560 in the 2010 census, but residents say the evacuations could affect thousands of people. The volcanic activity in Hawaii continues to escalate as lava burst through the ground into a suburban neighborhood on Thursday.
    'We're not slaves': Korean Air pilots protest abuse by elite founding family

    'We're not slaves': Korean Air pilots protest abuse by elite founding family

    About 500 people gathered outside the Sejong Center for the Performing Arts in Gwanghwamun, central Seoul, from 7 p.m. Friday for a candlelight vigil to demand the ouster of the Cho family.


Most liked

Pakistan Interior Minister escapes assassination bid
Police have arrested the attacker, identified as Abid, and shifted him to an unknown location for further investigation. He apparently carried a 30-bore weapon, which he pulled out and fired at the minister from a distance of some 15 yards.

Taylor Swift surprises burn victim in Valley hospital
Before she departed, Swift invited McCune to attend any upcoming "Reputation" tour date once she's able to leave the burn unit. What if Isabella won't be able to see the pop star in concert, Taylor came to see her little fan instead.

Higgins, Williams to fight for title at snooker worlds
During a lull in proceedings, Williams took the opportunity to take in his surroundings, spotting something he liked. For Williams his progress to the final caps a remarkable late-career revival.

After Isha Ambani's wedding announcement, family visits ISKCON temple
He has also founded Piramal Swasthya which focuses on offering healthcare services to over 40,000 patients a day. Interestingly, the duo startups are now part of the $4 billion family-run conglomerates, Parimal Enterprises.

Turkey vows to launch new cross-border military operations
Meanwhile, the military also said that the number of terrorists neutralized in Operation Olive Branch has reached 4,403. He was revealing his ruling party's manifesto at a rally in Istanbul ahead of snap elections next month.

Tampa Bay Lightning knock out Bruins, advance to Eastern Conference Finals
They had an easy series agaionst the Devils, but were surprised in game one of this series as they fell 6-2 in that game. They weren't a physical team and had problems beating teams that could push them around, such as the Bruins.

Rescue workers race to save 5 missing coal miners in Poland
Still many of Poland's mines are risky , with methane gas that has led to a number of deadly explosions and cave-ins. The state mining supervisor said the quake was a type that can occur in coal mines deposits are removed.

Shopian encounter: 10 including five militants killed in Jammu and Kashmir
Mobile Internet services in south Kashmir and in Ganderbal district have been suspended to prevent the spread of rumours. Kashmir, a Muslim-majority Himalayan region, is held by India and Pakistan in parts and claimed by both in full.

Dodgers, Padres meet for weekend series in Mexico
Twenty-two years ago, the Padres and New York Mets played a historic three-game series in Monterrey. After Fields struck out Franchy Cordero , Lopez homered to right for his first hit of the season.

Donald Trump's Central Intelligence Agency nominee Gina Haspel offered to withdraw over 'torture' role
That tweet prompted a discussion on MSBNC over whether or not Sanders' use of the "woman card" was appropriate. Eventually the tension seemed to ease, and as of now her nomination stands, the sources said.

City held 0-0 by Huddersfield to puncture party atmosphere
Mike Dean will be in charge this afternoon and here are the teams selected by Pep Guardiola and his counterpart David Wagner . Guardiola said on his future recently: "He will not stay next season, the Brighton game we will give him what he deserves".

Death toll in Pakistan coal mine blast climbs to 23
A cave-in at a mine in Marwaarh, east of the city of Quetta in Balochistan, killed 16 miners, a BBC News report said on Sunday. They said lack of safety arrangements inside the two mines, including air ventilation, had caused the fatal incidents.

'Avengers: Infinity War' scores second best weekend 2 ever
The film grossed over a billion dollars faster than any other movie in history, and it's only in its second weekend in theaters. The previous record - seventh part of the franchise " Star wars " with the subtitle " the force awakens " - it took 12 days.

Reluctant Dennis in pink as Viviani wins Giro second stage
I've got a lot to learn still. "I'm sure at some stage I will lose it, but I won't stop fighting for it until we finish in Rome". Chris Froome finished safely in the peloton.

Plains All American Pipeline, LP (NYSE:PAA) Price to Cash in Focus
Looking at some ROIC (Return on Invested Capital) numbers, Plains All American Pipeline, L.P. (NYSE:PAA)'s ROIC is 0.075024. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has "Buy" rating given on Monday, August 21 by Jefferies.