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BothAir France-KLM and Lufthansa are seeking to bolster profitability by switching failing short-haul routes to new divisions with a lower cost base, plans that have met with hostility from unions. At Air France, CEOAlexandre de Juniac stood down in July, with his successor Jean-Marc Janaillac pledging to take a more conciliatory approach, while the German carriers chief Carsten Spohr has endured three years of industrial action that have cost more than half a billion euros and wiped out 4,500 flights in November alone. While Air France-KLMs discount unit Transavia boosted passenger numbers almost 23 percent last year, Lufthansas equivalent Eurowings arm achieved only an 8.8 percent gain, which much of its focus on adding long-haul leisure routes amid an impasse over it taking charge of European flights. IAG is easily No. 1 among Europes three main network airlines by value, with a market capitalization of 10 billion pounds ($12 billion), even after a 28 percent drop in 2016 tied to the U.K. vote to quit the European Union. Lufthansa is worth 5.5 billion euros ($5.8 billion) andAir France-KLM 1.5 billion euros. Lufthansa is likely to narrow the gap in the standings this year as it takes full control of Brussels Airlines NV, with the Belgian carriers traffic to be added to the group total starting this month. With its Swiss and Austrian units Lufthansa still has the biggest passenger tally among European network airlines, carrying 109.7 million people last year.
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Could not subscribe, try again laterInvalid Email Ryanair passengers are charged the biggest mark ups on airline snacks and drinks, a survey by the Sunday People has revealed. In the same week that BA scrapped free meals on short haul flights for economy class passengers, we found that rival Ryanair is asking 3.90 for a cheese sandwich and 2.60 for a bottle of water. A similar sandwich would cost 1.50 in the high street and the water 50p. Our survey also found that Ryanair charges 5.50 for a small bottle of wine that costs 1.84 in the high street and 3.90 for a 330ml can of lager that sells for 86p in supermarkets. We compared prices for a range of inflight snacks and drinks on Ryanair, BA , easyJet and Monarch . Read More Feeling peckish? A cheese sandwich will set you back 3.90 with Ryanair (Photo: Rex Features) A bottle of water costs 2.60 on Ryanair (Photo: Digital Vision) BA, cheap flights to miami from melbourne easyJet and Monarch all charge 4.50 for wine, 4 for lager and 1.80 for water. A KitKat costs 1.73 at Ryanair, 1.40 at Monarch and 1.20 at easyJet. The chocolate bar sells for 74p in the high street. Most airlines have now scrapped free meals on all but business class and long haul flights.
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