Paris warns Air France's survival in the balance

Iraq says its warplanes targeted IS jihadists in Syria

It had predicted 85% of flights would operate: 99% of long-haul, 80% of medium-haul to and from Charles de Gaulle and 87% of short-haul.

In a statement on its website, Air France said scheduled flights will be disrupted per "due to the confirmation of the strike of several Air France staff unions for Monday and Tuesday".

Air France is fell 10% on the stock market Monday after announcing Friday losses of 269 million euros during the first quarter of 2018.

Le Maire also warned that the state - which owns 14.3 percent of the group - would not serve as a backstop.

CEO Jean-Marc Janaillac's attempt to cut costs at the carrier to keep up with competition from budget airlines and Gulf rivals ran into strong union resistance, as had his predecessor's efforts, raising questions over its ability to reform.

France's finance minister has warned that the survival of strike-hit Air France was in the balance following the departure of the company's chief executive over a pay dispute. There have also been strikes at the state-owned SNCF rail company.

Air France shares tumbled in early Monday trade as investors acted on news the airline's CEO has resigned, as staff unions rejected a pay deal and are continuing their planned strike action.

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The French government, which is the national carrier's largest shareholder with a 14 percent stake, has said it will not ride to the rescue and a meeting of Air France-KLM's board has been called for May 15 to decide on a management transition plan.

'I call on everyone to be responsible: crew, ground staff, and pilots who are asking for unjustified pay hikes, ' Economy Minister Bruno Le Maire told the BFM news channel.

The group's share price has halved this year as it faces increasing competition from low-priced rivals and deep-pocketed Middle Eastern airlines, as well as the prospect of a sustained higher oil price.

During Janaillac's tenure, Air France-KLM struck deals with Delta Air Lines DAL.N and China Eastern 600115.SS , which each acquired stakes of just under 9 percent.

Air France got merged with Dutch bearer KLM in 2004.

Analysts have compared a rejection of management's pay proposal by workers to "pressing the self destruct button".

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