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KLM Posts Q1 Profit Of US$40 800 000  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13744 posts, RR: 19
Posted (12 years 3 months 1 day 12 hours ago) and read 2092 times:

KLM Royal Dutch Airlines has posted a Q1 profit of €41 000 000 / US$40 604 160 as revenues dropped 2% to €1 690 000 000 / US$1 681 888 000.

Passenger yields rose 6% with €uropean, African and Indian routes being strongest in the network. A slight increase in North Atlantic yields were also seen despite a fare war.

Capacity was cut 7% but traffic only dropped 4%. Operating expenses fell 3%, blamed by an oil price fall and wage cuts.

KLM however was less certain of a FY profit saying, "uncertainty about the timing of the economic recovery and fuel price levels made it difficult to predict whether a positive net income will be achievable."

Net profits were €11 000 000 / US$10 947 200.

More information at the Financial Times website

Information gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink.



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3 replies: All unread, jump to last
 
User currently offlineLeo From China, joined May 2006, 0 posts, RR: 0
Reply 1, posted (12 years 3 months 1 day 9 hours ago) and read 2055 times:

Two points only:

# The results announced are for the 2nd Quarter 2002, NOT the first.

# The correct information was posted on A.net 7 hours earlier.


User currently offlineLJ From Netherlands, joined Nov 1999, 4461 posts, RR: 0
Reply 2, posted (12 years 3 months 1 day 9 hours ago) and read 2046 times:

Leo, you're incorrect. The KLM financial bookyear runs from April till March. Thus it is Q1. If you don't believe it, just read the press release on http://investorrelations.klm.com/financial/QR_250702.asp

User currently offlineLeo From China, joined May 2006, 0 posts, RR: 0
Reply 3, posted (12 years 3 months 1 day 9 hours ago) and read 2046 times:

Point taken LJ:

Reuters must have calculated its quarters from 1/1


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