Air France Faces Ruin

If you ask a millennial what he knows of TWA, Pan Am or Swissair, he will shake his head and ask what you’re talking about. They were three of the world’s most famous airlines, all of which went bankrupt. Is the same fate in store for Air France-KLM, one of the pillars of Europe’s aviation industry?

At midnight on July 27, 45 percent of the carrier’s 14,…