This Wednesday, April 11, 2018 file picture shows Air France pilots on strike as they gather next to the company headquarters during a demonstration in Tremblay-en-France, outside Paris, France. (AP Photo/Christophe Ena, File)
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Air France's share price dived Monday after its CEO quit and the French government warned that the country's flagship carrier might collapse.A new strike Monday over wage demands, meanwhile, prompted the cancellation of about 15 percent of Air France flights worldwide. French Finance Minister Bruno Le Maire on Sunday said the government, which owns 14 percent of Air France, would not rescue the airline.The company argues that the union demands would wipe out hard-earned gains from the restructuring, which was aimed at stemming years of losses and keeping Air France afloat, as well as jeopardizing efforts to win back market share from low-cost airlines and big-spending Mideast and Asian carriers.
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