Air France/KLM have announced they’re losing €25 million a day
The airline group is losing around $27 million USD a day, which equates to around $1 million every hour.
The airline will now implement more cost-cutting measures, which include permanently retiring Air France’s A340s and some A319s
Air France will immediately retire its remaining four A340-300s. I believe these are still in the Joon livery, but I’m unsure.
These four A340-300s have already been stored and haven’t flown for weeks. Air France’s A340-300s were supposed to retire in early 2021, however, this is no longer the case.
Air France will also retire some of its A319 fleet, which consists of 33 aircraft. The exact number is unknown
According to Planespotters, 30 of these 33 Airbus A319s have been stored. Air France’s A319s were planned to retire over the next few years as Air France plans to take delivery of its 60 new A220-300s.
Air France’s A380 Future:
Air France’s nine Airbus A380s are all grounded. Once Air France begins to pick up operations again, they will remain grounded until 2021.
Air France’s A380s are still slated for retirement in 2022, but could be accelerated if Air France doesn’t need the massive capacity.
Additional Air France/KLM Update:
Despite losing €25 million a day, the airline has saved €1.1 billion in 2020 from unemployment measures introduced by the French government
However, to avoid bankruptcy, Air France/KLM will still ask the French/Netherlands’ government for financial support.
Without support, the airline only has enough cash to last until June 2020. Air France/KLM expects to resume normal operations in two years.
AF A380: https://www.jetphotos.com/photo/8692371
AF A340: https://www.airliners.net/photo/Air-France/Airbus-A340-313/5955145/L
With KLM retiring their 747s (sort of), and Lufthansa retiring multiple variants of widebody aircraft, things are getting quite rough.
British Airways’s 747s, Iberia’s A340-600s, and some of Aer Lingus’ A330s are even being considered for early retirement according to their CEO.
Unfortunately, these older and less efficient aircraft may end sooner due to the worldwide situation.