Air France KLM shares slump on risk of further strikes

Air France KLM shares slumped Monday after the airline's biggest pilots union said over the weekend that there were risks of further strikes if pay talks with management did not resume. Air France KLM shares were down 5.8% in early trading. The stock has fallen by around 40% so far in 2018. Sunday, Philippe Evain, head of the powerful French SNPL pilots' union, threatened in Le Parisien newspaper 15 more days of strikes if the new Air France KLM CE did not restart talks over pay conditions. KLM Monday said its talks with Dutch pilots union VNV over better working conditions are in "a difficult phase" .Dutch pilots would consider going on strike if KLM fails to come up with better offers before Friday, Dutch newspaper De Telegraaf said, citing a letter from the union to its members. <br/>