Air France-KLM boss quits as striking staff reject pay offer

Air France-KLM CEO Jean-Marc Janaillac said on Friday he would reign within days after staff turned down a pay offer for ending a series of recent strikes. Over 55% of employees rejected the pay deal that included a 7% pay rise over four years. Janaillac said he hoped his departure would set conditions for recovery. Earlier in the day, the airline released quarterly earnings figures showing losses for the first three months of the year. Operating losses grew from $39.4 million in the first quarter of 2017 to $141 million in the same quarter this year. Strikes in recent weeks were responsible for huge additional in losses, the company said. Further strikes are planned on May 7 and May 8. The first-quarter losses came despite strong customer demand, with passenger numbers up by 5.2% to 22 million in the January-to-March period.