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Stock impact report

France Braces for Pre-Olympic Airport Turmoil Over Labor Dispute [BNN Bloomberg (Canada)]

AIR FRANCE-KLM ADS (AFLYY) 
Company Research Source: BNN Bloomberg
Airlines have been asked to reduce their flight schedules by 75% at Paris Orly airport on Thursday, by 55% at Charles-De Gaulle, 65% at Marseille and 45% at all other metropolitan airports, aviation authority DGAC said in a statement. “Significant cancellations and delays are expected at all French airports” due to strikes and protests, France's flagship airline said on its website. A detailed flight schedule will be published later Wednesday, the Air France-KLM unit said. France's air-traffic control unions are protesting the government's effort to rewrite labor rules by including them among workers required to give strike notice in a timely manner. The dispute is raising concerns that travel disruptions could mar the run-up to the Olympic Games, set to kick off in Paris on July 26. Sncta, the nation's biggest air-traffic-control union, said Wednesday it had reached a deal to lift its strike notice, and backed away from a potential strike from May 9 to 11. Other strikes and pr Show less Read more
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