Published on : Friday, September 12, 2014
Perform
2020 is the successor to Transform 2015, which represented the first
phase in the Group’s turnaround. While maintaining the imperatives of
competitiveness and the ongoing strengthening of the Group’s financial
position, this growth plan will focus on the following three strategic
areas: - Selective development to increase exposure to growth markets
- A product and services upgrade targeting the highest international level
- An ongoing improvement in competitiveness and efficiency within the
framework of strict financial discipline Air France-KLM’s Chairman and
Chief Executive Officer,
“Transform 2015 will be completed by the year end having fully delivered on its objective of significantly improving the Group’s competitiveness and delivering a €1 billion-plus reduction in costs.
Perform 2020, the strategic plan we are launching today, will be supported by two main levers: growth, which we are looking to capture in a number of areas, and competitiveness combined with financial discipline which should continue to ensure firm foundations for the development of Air France-KLM.
This is why the ambitious initiatives we are launching today will go hand in hand with redoubled efforts to reduce costs and restructure activities which remain loss-making. By 2020, we will have built an air transport Group focused on a leading long-haul network at the heart of global alliances, with a portfolio of unique brands, restructured short and medium-haul operations with a reinforced presence in the low cost segment in Europe, leadership positions in cargo, maintenance and catering, and a significantly improved risk profile both operationally and financially.”
