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AFLYY - Air France-KLM Promises To Be A Bumpy Ride
Air France-KLM ADR
Air France-KLM (AFLYY) made headlines over the past year due to strikes, but there are underlying issues with this airline which make its stock one for investors to steer clear from in my opinion.
The strikes over pay disputes which plagued Air France-KLM were far from being minor annoyances. They caused months of disruption, resulted in millions of euros lost, and forced the resignation of the group's CEO Jean-Marc Janaillac. His replacement, former Air Canada (ACDVF) executive Ben Smith, managed to cut a deal with union bosses which ended the strikes