"Since February 22, Air France has faced 11 days of strikes, during which the staff demanded [an increase in] salaries. The whole financial damage is estimated at more than 300 million euros," the statement said.
The Air France employees have long been demanding a pay raise of 6 percent as inflation compensation.
On April 16, the airline's management proposed a multi-year contract to the company's employees, which envisages a 7-percent increase in salary over the course of four years, as well as an individual increase. However, this agreement had failed to get enough signatures, the statement read.
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Negotiations on this proposal are to take place from April 26 until May 4, when results of employee voting will be made public.