Air France-KLM is set to accelerate and expand its restructuring plans. The latest measures announced by Europe’s second-largest network carrier include 300 million euros in administrative cost cuts of which half have already been identified but not previously revealed.<br /><br /> The news comes as the company reported lower second-quarter operating profit and slipped further in to the red with a net quarterly loss of 79 million euros.<br /><br /> The Franco-Dutch airline group also expects to scale back capacity growth plans for the winter season amid a tough climate in Japan, Brazil and its traditional African oil routes.
