Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
KLM Posts Q3 Profit Of €31 000 000  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (13 years 4 months 1 week 3 days 6 hours ago) and read 3163 times:

KLM Royal Dutch Airlines has posted a Q3 profit of €31 000 000 / US$33 263 000

It also said the operating environment to March would "remain difficult." KLM is adjusting capacity by grounding some commuter aircraft - mainly Fokker 50s and grounding a 743.

KLM also said that yields were under pressure due to European low-cost airlines. Buzz - the UK low cost airline owned by KLM has passenger numbers that "stayed below expectations" as a result of the "competitive market conditions".

However, the operating loss fell from €76 000 000 a year ago to €63 000 000 / US$67 599 000.

More information at the Financial Times website

Leo van Wijk - CEO of KLM said, "In the Third Quarter, we experienced a declining trend in demand, which has put pressure on our traffic and yields. As we expect this pressure to continue in the last quarter of our fiscal year, we are adjusting our capacity and network plans for the remainder of the fiscal year as well as for the summer of 2003, and further increase our focus on cost management."

More information at the KLM Investor Relations website

Information was gathered from the above hyperlinked webpages. Full information can be viewed by clicking the above hyperlinked webpages. Information except for quotes was not copied and pasted and was rephrased. Currency conversion from European €uros to United States Dollars courtesy of the Singapore Airlines Currency Converter (www.singaporeair.com)

Anyone can fly, only the best Soar.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Thai Airways Posts Q3 Profit Of US$80 920 000 posted Thu Aug 15 2002 09:19:03 by Singapore_Air
KLM Posts Q1 Profit Of US$40 800 000 posted Thu Jul 25 2002 15:12:38 by Singapore_Air
KLM Posts Q2 Profit Of US$83 Million posted Thu Oct 24 2002 14:23:42 by Singapore_Air
SAS Posts Q2 Profit Of US$107 900 000 posted Thu Aug 8 2002 16:02:44 by Singapore_Air
China Airlines Posts 2002 Profit Of US$89.544 Mil posted Mon Apr 21 2003 16:42:55 by Singapore_Air
Singapore Airlines Posts H1 Profit Of S$773 Mln posted Fri Oct 25 2002 13:11:27 by Singapore_Air
Lufthansa Posts H1 Profit Of US$327 Million posted Wed Aug 21 2002 12:28:55 by Singapore_Air
Phillipine Airlines Posts Q1 Profit Of US$19.2 Mil posted Thu Aug 1 2002 13:05:48 by Singapore_Air
Iberia Posts H1 US$68 200 000 Profit posted Mon Jul 29 2002 23:54:45 by Singapore_Air
Asiana Airlines Posts Q2 Profit Of US$58 Million posted Tue Jul 23 2002 17:22:20 by Singapore_Air