United Kingdom
United States
Asia Pacific
KLM reveals £57 million loss
KLM has revealed a £57 million third-quarter loss, following the effects of the US terror attacks.
The company, the first European airline to report for the final three months of last year, reported that the net loss compares with a £100 million net profit last year. Group operating revenue was down 16% to £138.6 million during the quarter.
However, KLM says there are signs of an upturn in the aviation industry. The company said it had seen an improvement in trading conditions in the “latter part” of the third quarter, a trend which had continued into January.
Chief executive Leo Van Wijk added: “It is a credit to the organisation’s resilience and flexibility that it was able to respond to the decline in demand for especially passenger travel after the September 11 events.
“Through a variety of actions, the negative impact on the bottom line was less than initially foreseen, and we were able to achieve a positive free cashflow.”
Related News Stories:
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls
Unexpected wave rocks cruise ship