Transavia targets €200m in annual savings and revenue gains
Transavia says it is targeting €200 million in annual improvements to raise its profit margin to at least 8 per cent, but says the details have yet to be decided.
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Transavia plans to improve its profit margin by €200 million a year through a combination of cost cuts and higher revenue, the Dutch airline says. The plans were announced last week, but the company says no decisions have yet been made about how they will be carried out. [1]
Transavia says the changes are intended to raise its structural profit margin to at least 8 per cent. Piet Visser, chairman of the NVLT union for aviation technicians, told ANP that the airline is negotiating with unions over the programme’s details.
Visser said Transavia aims to save €6 million a year in its ground operations, describing that as a substantial sum. The airline has not yet set out the precise plans, its spokesperson said. [1]
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