Air France-KLM plans to reduce fares to maintain full economy cabins on its transatlantic flights due to weakening demand.
The airline's CEO, Ben Smith, told Bloomberg TV on April 9 that they had noticed a “slight softness” in economy bookings compared with the “relative stability” in premium cabins.
As a result, the airline says it is implementing fare reductions to increase passenger numbers in economy cabins, without altering current flight capacities.
The fare reductions include routes between Europe and North American destinations such as New York, Boston, and Montreal.
Although the current situation is manageable, Smith said an “economic downturn” could cause additional challenges, acknowledging that the travel industry was often among the first to be impacted during such periods.
