AF-KLM lancia nuovo piano di ristrutturazione: Perform 2020


A

AZ209

Principiante
Utente Registrato
24 Ottobre 2006
16,944
71
0
Londra.
Air France-KLM sets out new restructuring as competition grows

Air France-KLM launched a new five-year restructuring plan to drive down costs and expand its low-cost operations as the Franco-Dutch airline grapples with overcapacity and sluggish demand.
Shares in the group jumped as much as 8 per cent on Friday as it reported that second-quarter operating profit had tripled to €238m due to previous cost-cutting measures. Shares are up 18 per cent this year to €8.97.

Air France-KLM said its cost-cutting programme, Transform 2015, was coming to an end and it would now launch Perform 2020, which would be more focused on growth in short-haul markets, ramping up competition with the low-cost carriers.
“The idea is to be in the leading group of European low-cost carriers, given that aviation is a business where size is important,” Alexandre de Juniac, chairman and chief executive, told reporters.
The plan comes weeks after Lufthansa said it was considering setting up a no-frills long-haul airline as part of a strategic overhaul to head off competition from low-cost and Middle Eastern carriers.
The Perform 2020 plan will be structured around long-haul, short- and medium-haul operations, cargo and maintenance, said the company, adding that greater detail would be provided in September.
Mr de Juniac said he would not leave the lossmaking cargo business but would reduce its exposure by cutting the number of planes. “We will further decrease our full-freighter exposure but will remain a key player,” he said.
Air France-KLM reiterated its revised target for full-year earnings before interest, tax, depreciation and amortisation of €2.2bn-€2.3bn, down from €2.5bn expected at the start of the year, but still a rise of more than 20 per cent compared with 2013.
“Quarter after quarter, our results are consistently reflecting the benefits of the productivity measures implemented under Transform 2015,” said Mr de Juniac.
Earlier this month Air France-KLM was forced to revise down its earnings targets for 2014 amid overcapacity on traffic to North America and Asia, which according to June figures and future bookings was pushing down air fares.
The warning came a month after the German and Irish flag carriers – Lufthansa and Aer Lingus – issued profit warnings amid strong competition from Gulf-based and low-cost rivals, and strikes by staff.
Airlines worldwide have also been hit by a sharply rising oil price and its effect on fuel costs following the hostilities in Iraq, while cargo businesses have also been struggling.

http://www.ft.com/cms/s/0/12e163e4-13d4-11e4-8485-00144feabdc0.html#ixzz38Te12Rm3
 
Tutte le compagnie, o quasi, prendono coscienza della propria situazione e studiano un piano per ritirare su i conti. Basti vedere i risultati delle compagnie aeree americane pubblicati in questi giorni. Qui da noi? Si taglia, si efficienta, si migliora, si riducono stipendi, solidarietà, cazzi e mazzi, si risparmia sul superfluo e... Il buco s'allarga sempre di più.
 
Pensare che fino a qualche anno fa AF era la prima compagnia mondiale per fatturato, a mio avviso, fa riflettere su quanto cambi rapidamente il mondo dell'aviazione rispetto ad altre industrie, sia a livello di dinamiche, sia di concorrenza.
 
Un altro spunto interessante (da Reuters):

The new plan, "Perform 2020", will focus on maintaining its position in long-haul markets while trying to achieve growth in short-haul markets. Details will be announced in September.
Clicca per espandere...
"The consolidation of the low-cost sector is under way and we want to take part," Chief Executive Alexandre de Juniac said.
"The idea is to be in the leading group of European low-cost carriers, given that aviation is abusiness where size is important," he told reporters.
Clicca per espandere...


Crescita e consolidamento sul segmento di corto raggio. Che avvenga la rumoreggiata acquisizione di una o piu' lowcost (Wizz Air)?
 
FlyKing ha detto:
Pensare che fino a qualche anno fa AF era la prima compagnia mondiale per fatturato, a mio avviso, fa riflettere su quanto cambi rapidamente il mondo dell'aviazione rispetto ad altre industrie, sia a livello di dinamiche, sia di concorrenza.
Clicca per espandere...
Il problema è sempre lo stesso, il settore aereo è il più "protetto" e regolamentato. Se le compagnie europee e USA (ma non solo, anche le altre, ma stiamo parlando di casa nostra) potessero essere acquisite da altri il mercato andrebbe rapidamente verso una situazione di maggiore equilibrio (vedi industria automobilistica). Invece in questo modo si mantengono i campioni nazionali non scalabili vuoi perché sostanzialmente pubblici vuoi perché le risorse da investire nel settore in Europa o negli USA sono troppo limitate.
 
Ulteriori dettagli sull'espansione di AFKL nel segmento low cost parte del Perform 2020:

Air France (AF, Paris CDG) will accelerate the growth of its LCC subsidiary, Transavia France (TO,Paris Orly), in a bid to capture a significant share of the European budget traveller market CEO Alexandre de Juniac has said. Speaking during the presentation of his airline's financial results for the first half of this year, de Juniac told a press conference in Paris last week that the Air France-KLM Royal Dutch Airlines (KL, Amsterdam) Group's new Perform 2020 five year plan will focus on maintaining its position in long-haul markets in the face of competition from Gulf carriers while moving to consolidate and enhance its short-haul European market share.

"The consolidation of the low-cost sector is underway and we want to take part," he told Reuters. "The idea is to be in the leading group of European low-cost carriers, given that aviation is a business where size is important."

The CEO revealed that Transavia France is growing more rapidly than its Dutch counterpart,Transavia Airlines (HV, Amsterdam), though this is largely due to the latter's switch from primarily relying on charter traffic with tour operators to becoming a scheduled LCC. Transavia's growth potential could be further unlocked should talks with its French pilots concerning contractual restrictions on the number of aircraft Transavia can operate, succeed.

Air France also plans to consolidate its short-haul point-to-point operations with those of HOP! (A5,Paris Orly) which, while functioning as a single business unit, will still operate as two distinct brands.

Full details of the Perform 2020 programme will be announced in September.
CH-Aviation
Clicca per espandere...
 
In attesa del piano ufficiale che verra' presentato questo giovedi' (11 Settembre) alcuni ulteriori dettagli sul piano:

Air France (AF, Paris CDG) and KLM Royal Dutch Airlines (KL, Amsterdam) board members held a meeting on Thursday, September 4, in which they reviewed the Group's current operational status ahead of the official unveiling of their new "Perform 2020" five-year growth plan later this week. Among the core decisions taken are the phasing out of the Group's loss-making freight subsidiary, Martinair(MP, Amsterdam), and the repositioning of Transavia France (TO, Paris Orly) and Transavia Airlines(HV, Amsterdam) as regionally-based budget carriers.

Referencing the Group's freight activities, the Air France-KLM board said a slower than expected recovery in demand had led to the decision to reduce its Amsterdam-based dedicated freighter fleet to just operational 3 aircraft by the end of 2016. Five Martinair MD-11(F)s will be phased out on an accelerated basis during 2015 and 2016.

Overall, come 2016, the Group will operate five full-freighter aircraft: two Air France Cargo B777-Fs based at Paris CDG and three KLM B747-400(F)s based in Amsterdam, compared with a total of 14 in 2013. The resulting scaling down in operations effectively means Martinair will cease to exist.

"The Group will remain a major player in the cargo sector in Europe through its extensive belly network effectively supplemented by a limited number of full-freighter aircraft," it said.

Referencing its regional passenger service plans, the Group approved recently reported plans to reposition Transavia and its French sister, Transavia France, as a unified, regional budget carrier dubbed "Transavia Europe" capable of winning back market share lost to the likes of Ryanair (FR,Dublin Int'l), Wizz Air (W6, Budapest), and easyJet (U2, London Luton).

Beginning in 2015, Air France will transfer its entire European leisure market to Transavia Europe with initial foreign bases to reportedly include Porto, Lisbon and an unspecified German airport. According to France's La Tribune newspaper, 15 cities are currently under consideration with Madrid Barajas andBrussels National among them.

The move, however, is expected to come up against stiff union resistance given that a 2007 agreement with management establishing Transavia France specifically requires the airline's fleet not exceed 14 aircraft. Air France CEO Alexandre de Juniac has gone on record as stating that the only way for a repositioned Transavia to effectively compete with European LCCs would be with a dramatically expanded fleet of at least 100 aircraft.

Referencing Air France's plans to reorganize its Point-to-Point network, currently managed in tandem with HOP! (A5, Paris Orly), the Group has appointed Lionel Guérin, HOP!'s current Chairman and CEO, project manager in charge of the new unit.

"This new organization should allow to clarify the scope of each of the brands, align the key functions in defining the offer and customer experience and facilitate the global economic management of the activity in order to continue to guarantee a competitive cost structure," the carrier said.

Air France plans to transfer most of its Paris Orly point-to-point domestic flights - except Nice,Marseilles and Toulouse Blagnac - to HOP!

A full disclosure of Perform 2020 is expected on September 11.
da CH-Aviation
Clicca per espandere...
 
Air France-KLM May Need Strategy Rethink

With no deal in sight over pilot pay and up to EUR€300 million (USD$380 million) of strike costs to absorb, Air France-KLM may need to rethink its route to viability.
As pilots returned to work and the airline restored its flight schedule to 98 percent on Tuesday, its estimated cost of the two-week strike represents more than double the EUR€130 million operating profit of last year.
The company suffered a loss in 2012 and has not paid a dividend since 2008.
Like other traditional carriers, the Franco-Dutch group has been squeezed in its long-haul business by competition from Middle East carriers, on shorter routes by the low-cost sector, and by industry overcapacity.
But its labour cost problem is particularly acute.
Research by Barclays analysts earlier this year showed that among European airlines, only Air France-KLM and SAS had staff costs higher than their fuel costs, accounting for almost a third of total outgoings compared with around a quarter or less for other traditional players.
In addition, the research showed, Air France-KLM's overall passenger unit cost per available seat km, excluding volatile fuel costs, was the third-highest in Europe in 2012, behind SAS and Iberia, at more than €7.
That compares with just over €1 for the best performing low-cost player, Ryanair, and €2 for Vueling, the Spanish low-cost airline bought last year by IAG.

COSTLY AGREEMENTS

Hence Air France-KLM's plan to develop the low-cost Transavia unit, details of which were announced in September, triggering a two-week pilots strike that grounded over half of Air France flights until the main pilot's union called it off on Sunday.
James Halstead, a consultant at Aviation Strategy, said costly French union agreements on pay and conditions were at the root of its troubles. He and other analysts say buying a ready-made low-cost business is a possible answer.
"Air France wants to have some kind of operation that doesn't have that sort of legacy environment... you can see that IAG is treating Vueling as a method of providing growth in a relatively efficient way," Halstead said.
In the meantime, the action by pilots worried Transavia will suck away jobs and erode their own pay and conditions has killed off any expansion of new Transavia hubs in lower-cost countries such as Portugal.
Analysts doubt that Transavia can deliver the EUR€100 million a year of extra underlying profit management is targeting by 2017. Without hubs outside France and the Netherlands, that could be harder.
Although pilots are back at work, they gave no ground on their demands for a single set of pay and conditions for both Air France and Transavia France - something management insisted last week "totally opposes the principles of this model".
Some analysts also wonder if Air France should not retreat on domestic routes altogether, given Ryanair and easyJet already enjoy strong positions in France and want to expand there.
"There could be a lesson from British Airways, which has recognised that it cannot be all things to all people and has withdrawn from the UK domestic market other than on routes feeding the Heathrow hub," said John Strickland, an independent aviation analyst.

COST REDUCTIONS

Under the Transform 2020 project, Transavia was earmarked to deliver about EUR€100 million a year of extra core earnings before aircraft leasing costs (EBITDAR) by 2017, or more than a quarter of the total EUR€380 million targeted, by ramping up to a fleet of 100 aircraft.
The rest of chief executive Alexandre de Juniac's plan involves returning the loss-making cargo arm to break-even and improving the profitability of its maintenance division.
Air France-KLM's EBITDAR in 2013 was EUR€2.77 billion.
But Transform 2020 also assumes an overall reduction in costs of 1 to 1.5 percent a year in order to reach a return on capital employed (ROCE) of between 9 and 11 percent by 2017, up from 2.9 percent last year.
It said it would do this partly by negotiating productivity gains with staff, a promise that looks difficult to achieve, at least where pilots are concerned.
"We refuse to let Mr. De Juniac deliver his 11 percent return at the expense of employees," Christophe Pesenti, an Airbus A320 pilot, told Reuters news agency.
Nor does full-blooded government backing for any future battle look likely, even though the Air France-KLM board, which includes representatives of 16 percent shareholder the French state, backed de Juniac's position after his concession on Transavia Europe.
During the strike the French government, faced with poll ratings and rebellious left-wing MPs, showed more desire to end the strike than to put its weight squarely behind management.
Transport Minister Alain Vidalies questioned the wisdom of the Transavia Europe venture, just a day after de Juniac had defended it at the height of the strike.
Hours later de Juniac caved in on hubs outside France, eliminating an important route for achieving possible savings.
"It is still hard to imagine Transavia can be quite as low-cost as easyJet or Ryanair, said Halstead. "Especially if they are running it from France."

(Reuters)
 
KLM is planning to cut its workforce by 7,500 jobs or 25 percent, largely through outsourcing, according to a Dutch daily newspaper.

The measure is expected to be announced at the release of quarterly earnings by parent Air France-KLM on Wednesday, the Algemeen Dagblad said, citing the head of De Unie, the union for airline personnel in the Netherlands.

KLM hopes the measure will help it to cut EUR€4.4 billion (USD$5.6 billion) in outstanding debt by reducing costs, the report said.

Air France-KLM's plans to grow its budget brand across Europe angered pilots at the French arm of the business, who went on strike for two weeks in September.

(Reuters)
 
asterix ha detto:
KLM is planning to cut its workforce by 7,500 jobs or 25 percent, largely through outsourcing, according to a Dutch daily newspaper.

The measure is expected to be announced at the release of quarterly earnings by parent Air France-KLM on Wednesday, the Algemeen Dagblad said, citing the head of De Unie, the union for airline personnel in the Netherlands.

KLM hopes the measure will help it to cut EUR€4.4 billion (USD$5.6 billion) in outstanding debt by reducing costs, the report said.

Air France-KLM's plans to grow its budget brand across Europe angered pilots at the French arm of the business, who went on strike for two weeks in September.

(Reuters)
Clicca per espandere...
25% di taglio in KLM... vediamo come reagiscono in Olanda visto che pare che la carretta toccherà continuare a tirarla loro...
 
Farfallina ha detto:
25% di taglio in KLM... vediamo come reagiscono in Olanda visto che pare che la carretta toccherà continuare a tirarla loro...
Clicca per espandere...

"largerly through outsourcing", piccolo ma non insignificante dettaglio.

Quindi non necessariamente un taglio secco del 25% del personale.
 
Air France-KLM sees more belt-tightening after pilot strike

Q3 operating profit more than halved to 247 mln euros
* Pilot strike puts 416 mln euro dent in quarterly revenue
* Denies media reports of major job cuts planned
* Limiting investments, speeding up costs controls next year
* Shares drop almost 4 percent at open (Adds shares, analyst comment, details on fuel bill)

By Tim Hepher and Matthias Blamont
PARIS, Oct 29 (Reuters) - Air France-KLM said it would limit investments and accelerate cost controls next year to mop up the remaining impact of a recent pilots' strike that helped slash its operating profit by more than half in the third quarter.
Europe's second-largest network carrier by revenues said the interim measures were needed to secure a smooth transition between two successive turnaround plans, after the cash-draining strike slowed down its progress towards debt reduction.
Like rival Lufthansa, Air France is trying to expand low-cost operations and reduce costs to compete with low-cost carriers and Gulf carriers.
However, a bitter two-week confrontation last month with pilots over plans to expand low-cost subsidiary Transavia put a dent of 416 million euros ($530 million) in quarterly revenues and 330 million euros in its operating result.

The Franco-Dutch group reiterated that the combined effects of the strike and a dip in fourth-quarter demand would remove 500 million euros from its targeted earnings before interest, tax, depreciation and amortisation (EBITDA) for 2014 of 2.2-2.3 billion euros.
"Over and above the effects of the strike, we also predict that the market will remain sluggish in the fourth quarter," Finance Director Pierre-Francois Riolacci told reporters.

"It is difficult to separate the effect of the market from the direct effect of the strike, but the 500 million euros (cost estimate) includes these elements," Riolacci said.
Air France-KLM shares, which have fallen 40 percent over the last six months, dropped almost 4 percent in opening trades and were down 1.5 percent at 0806 GMT.
Cantor Fitzgerald analyst Robin Byde said although the strike impact remained as expected, Air France had wider problems.
"Our wider concern is that three out of four group divisions still remain 'structurally' troubled," he wrote in a note to clients, referring to the airline's passenger short-haul and long-haul operations, plus its cargo division.

COST CUTS

Overall, the group's revenue fell 6.7 percent in the third quarter to 6.7 billion euros, while operating profit fell by 394 million euros to 247 million, the group said.
On a like-for-like basis, revenues rose 0.2 percent and operating income fell by 18 million euros, it said.
Unit revenues fell 1.8 percent in real terms in the third quarter while unit costs fell 1.2 percent.
Unit revenues look set to fall again in the fourth quarter, with the passenger business stable and cargo falling, Riolacci said.
While it is too late to claw back the effects of the strike and the dip in demand in 2014, Air France-KLM said it planned to adjust investments, accelerate cost cuts and apply "dynamic management" to its asset portfolio from 2015.

However it repeated denials given on Tuesday of Dutch news reports that it was looking at major job cuts in its Dutch arm.
"There are no drastic or emergency measures which need to be declared," Riolacci said.
"Of course, there has been a strike and the market environment is difficult, so it is quite right to manage things strictly."
He said the areas to look at in managing assets may include the group's remaining 4.4 percent stake in reservation systems Amadeus, in which it reduced its shareholding last month.

"Our Amadeus stake immediately springs to mind but the formula is a little wider than that, and we have to look at all the possibilities for action in the current environment," he said, adding that fleet plans would also be up for discussion.
Asked if Air France might cancel two Airbus A380s is has on order, Riolacci said it had an option to swap them for smaller A350 aircraft but that no decision had been made.

"We still have time and it is a bit early to address this subject, but we have the flexibility to convert," he said.
The broad goals of Perform 2020, a successor plan to the Transform 2015 restructuring project which is due to be completed soon, would remain unchanged, the airline said.

The European economy remains lacklustre but the effect on activity from concerns over Ebola is limited, Riolacci said.
One positive for airlines are lower fuel prices. Air France has trimmed its fuel bill estimate for 2014 to 8.9 billion euros from 9 billion.
Several analysts expect Germany's Lufthansa to alter its profit outlook due to its own recent pilot strikes when it reports quarterly figures on Thursday.

http://in.reuters.com/article/2014/10/29/airfrance-klm-results-idINL5N0SN5IT20141029
 
Continua la ristrutturazione di AF: ad HOP! tutto il corto raggio che non toca gli hub.

La compagnie Air France transférera à partir d’avril ses vols intérieurs à sa filiale régionale Hop !
La petite dernière va rapidement grandir…Dès la saison été 2015, la compagnie Hop ! assurera tous les vols intérieurs d’Air France (exceptés ceux en correspondance par Roissy). Dès le mois d’avril, Hop ! assurera donc 800 vols par jour contre 510 aujourd’hui.
Cette nouvelle offre commerciale, présentée sous la marque Hop ! Air France, sera révelée au premier trimestre 2015. On connaitra alors les tarifs et le programme de vols. Ce plan, que nous vous annoncions déjà en juillet dernier, vise à retrouver de la compétitivité face aux low cost Ryanair et easyJet en plaçant « le bon avion, la bonne marque et le bon produit au bon endroit ».

http://www.liligo.fr/magazine-voyage/hop-court-courrier-air-france-29000.html
Clicca per espandere...
 
TW 843 ha detto:
Quindi le "Navette" le farà Hop? Mi sembra strano.
Clicca per espandere...
Tanto per complicarsi la vita, nascerà un nuovo brand: "Hop! Air France". Che sarà gestito da Guerin insieme alle tre sorelle che operano sotto il brand Hop!.
Non è uno scherzo: da quanto letto qua e la, dovrebbero utilizzare 15 A320 AF (con livrea invariata) e relativi equipaggi (con gli attuali contratti AF).
Le navette su ORY dovrebbero essere appunto effettuate attraverso il nuovo brand, anche se si accenna ad una "rinfrescata" del prodotto.
Questo è il nuovo logo:
RTEmagicC_FA_Hop6_03.jpg.jpg


E' molto probabile che dietro queste riforme più di facciata che altro, ci sia l'opposizione dei sindacati restii a modifiche più incisive. Sindacati che il mega sciopero ha rafforzato ulteriormente. Per quanto AF abbia un'impostazione di flotta e network sostanzialmente corretti, è necessario un intervento dall'alto per restituire al management la possibilità di gestire l'azienda con la necessaria libertà d'azione. Quest'anno i conti di AF (come quelli delle altre compagnie) saranno aiutati parecchio dal prezzo del petrolio in calo, un fortunato imprevisto che attutirà parecchio il mezzo miliardo perso con lo sciopero. Ma il problema è solo rimandato.

http://corporate.airfrance.com/en/p...-short-haul-activity-of-the-air-france-group/
 
Devi accedere o registrarti per rispondere qui.


Top Bottom