SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

KLM Posts Q1 Profit Of US$40 800 000

Thu Jul 25, 2002 10:12 pm

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.
Anyone can fly, only the best Soar.
 
Leo
Posts: 308
Joined: Wed May 24, 2006 11:32 pm

RE: KLM Posts Q1 Profit Of US$40 800 000

Fri Jul 26, 2002 1:12 am

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.
 
LJ
Posts: 4112
Joined: Wed Nov 17, 1999 8:28 pm

RE: KLM Posts Q1 Profit Of US$40 800 000

Fri Jul 26, 2002 1:35 am

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
 
Leo
Posts: 308
Joined: Wed May 24, 2006 11:32 pm

RE: KLM Posts Q1 Profit Of US$40 800 000

Fri Jul 26, 2002 1:41 am

Point taken LJ:

Reuters must have calculated its quarters from 1/1