Air France-KLM is planning to speed up cost cuts and reduce investment after it reported a drop in full-year profits following last year's pilot strike.
The airline's pilot strike, which was the longest in 20 years, offset the benefits of lower oil prices.
Earnings fell €266m (£172m) to €1.598bn, with the company also hit by the weakening euro.
The carrier also said that overcapacity on routes to Asia, Latin America and Africa weighed on ticket prices.
Revenues fell 2.4% to €24.91bn, despite a 1.3% increase in passenger numbers.
Last year, Air France said that September's pilots' strike would cost it about €500m (£393m) in lost revenue.
The strike followed a dispute with pilots over plans to expand the group's budget subsidiary Transavia.
Source: BBC News
