Air France-KLM shares dive down after CEO quits
7 May 2018 5:37 PM GMT
Paris: Air France shares went into a tailspin on the Paris stock exchange on Monday after the resignation of the strike-hit company's CEO.
Air France-KLM boss Jean-Marc Janaillac announced his resignation Friday after staff at the carrier's French operations rejected a pay deal aimed at ending months of walkouts.
Janaillac, who had been in the post for under two years and staked his future at the company on staff accepting the deal, deplored their decision as a "huge waste". In early bourse business its stock was down nearly 13 per cent.
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