Air France-KLM CEO: Higher Profit Margin for KLM Is a Must

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Air France-KLM CEO Benjamin Smith is increasing pressure on subsidiary KLM to improve results. Smith emphasized to journalists that KLM needs to reach a profit margin of 8 percent. "If we don't get KLM to 8 percent, we have to look at another way to do that," said Smith. "We will continue to adjust the strategy if we think we won't make it."

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PARIS (ANP) - Air France-KLM CEO Benjamin Smith is increasing pressure on subsidiary KLM to improve results. Smith emphasized to journalists that KLM must reach a profit margin of 8 percent. "If we don't get KLM to 8 percent, we will have to look at another way to...