At the beginning of October, KLM Royal Dutch Airlines announced a robust package of measures to structurally improve the company’s financial and operational performance. These measures include increasing productivity, simplifying the organisation, cost savings and postponing or cancelling investments. In this context, KLM Royal Dutch Airlines announces that it will explore strategic options for KLM Catering Services to prepare this business unit for the future. This exploration focuses on KLM’s objectives in the areas of being a good employer, personalised catering, sustainability, operational control and efficiency.
It’s great to see that people are travelling with us more. Our aircraft are full and we carried more passengers in the first nine months of this year. But our capacity still lags behind and the costs are too high. That is why the announced package of measures is desperately needed. Not least because we will be investing billions in cleaner, quieter and more fuel-efficient aircraft in the coming years.
The financial performance for the first nine months of this year is historically low and confirms the need for the announced measures throughout the company. With these measures, we will strengthen our cash position and improve our financial management, enabling us to invest in the future.
Activities first nine months
Engineering & Maintenance is experiencing supply chain issues and saw its operating result drop by half. Cargo is performing in line with the first nine months of 2023. Transavia recorded higher turnover compared to last year, despite operational challenges. A total of 7.5 million people travelled with Transavia from January to September. In addition, Transavia welcomed six new A321neos to its fleet.
Tags:Marjan Rintel, KLM
