Air France cancels 15 percent of flights on Monday

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While nearly all long-haul flights are predicted to operate, one in five medium-haul services from Charles de Gaulle airport in Paris won't, with short-haul trips from Orly also affected.

Shares in Air France-KLM tumbled on Monday after CEO Jean-Marc Janaillac's gamble to put a salary hike offer to employees backfired on Friday, prompting him to announce he would step down.

However, pilots, cabin crew and ground staff were on strike for a fourteenth day since February on Monday and Air France said one in five flights would be canceled on Tuesday.

Air France-KLM shares fell more than 14 percent before recovering some losses to trade down 10 percent at 7.28 euros ($8.68) at 1230 GMT, their lowest level since April 2017.

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.

But over at Air France, that well-oiled worker conflict played out in a decidedly more retro fashion.

The Air France passenger website has warned customers that despite presenting an up-to-date flight schedule earlier Monday with 80% of all planned flights still expected to operate, late cancellations due to the strike action could still occur. Strikes have already cost the company €300 million.

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BJP has, however, grabbed the opportunity to hit back at Pakistan and accused it of indirectly helping the Congress party. Apart from education and liquor mafia, the mafia of cable, transfer and sand were getting stronger.

The group's share price has halved this year as it faces increasing competition from low-priced rivals and deep-pocketed Middle Eastern airlines, as well as the prospect of a sustained higher oil price.

The carrier, formed by Air France's merger in 2004 with Dutch KLM, saw shares fall by as much as 13 per cent on Monday as investors digested Mr Janaillac's resignation, the government's stance and the strengthened position of the Air France unions.

He called for responsibility on the part of striking workers, adding the airline's survival was at stake and that the French government will not offer a bailout.

'Air France will disappear if it does not make the necessary efforts to be competitive, ' he warned.

Delta Airlines and China Eastern both hold 9 percent of Air France-KLM.

Analysts have compared a rejection of management's pay proposal by workers to "pressing the self destruct button".

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