Air France-KLM to cut 3,000 jobs

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Air France-KLM has said it plans to cut between 2,500 and 3,000 jobs over the next two years.

Europe's biggest airline will cut jobs by not renewing contracts or replacing retiring employees, the carrier said, avoiding compulsory lay-offs.

The airline has been hit by the global economic slowdown, with passenger traffic down 9.4% in March.

Airline around the world have been hit by falling demand for flights as the global downturn takes hold.

On Tuesday, Australian airline Qantas Airways cut its full-year profit forecast by more than half and said it would have to make job cuts in order survive the economic downturn.

In the UK, the Civil Aviation Authority reported last month that passenger numbers at UK airports had fallen last year for the first time in 17 years.