Transavia plans major cost cuts to boost profits
The airline says its profits have been too low, but has not decided what the savings will involve or whether jobs will be affected.
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Transavia is preparing a large-scale cost-cutting programme to improve profits, a spokesperson for the Dutch airline has confirmed. No specific measures have been decided, and it is not yet known whether jobs will be cut. [1]
The airline says it has made insufficient profit in recent years, citing high costs and growing competition. Its spokesperson said its margin was 1% over the past year; Transavia wants to raise that to at least 8% on a lasting basis. An ANP report said the higher margin would be needed to keep the business financially healthy and fund fleet renewal. [1]
Transavia Netherlands is also considering closer cooperation with Transavia France and within the Air France-KLM group. [1]
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