Economy

KLM’s dramatic figures: turnover halved

The operating result amounted to a loss of 768 million euros in the first half year, compared to a profit of 223 million euros in the same period in 2019, which is a decrease of almost 1 billion.

“A loss of nearly 800 million euros in the first six months is the worst in KLM history,” said KLM CEO Pieter Elbers.

“KLM will further expand the network in the coming months. This is an important, but still limited and cautious step towards recovery. There is still a long and above all uncertainty to go. Despite the fact that much has already been done, further far-reaching measures will therefore unfortunately are inevitable. “

95 percent fewer travelers

The airline company announced its financial results for the first half of the year tonight. The freight division is doing well. The number of tons of freight transported was 229,550, a decrease of 22.3 percent. However, the number of travelers who booked a flight dropped much faster.

In the second quarter, the number of passengers dropped by 95 percent from more than 9 million to less than half a million. And the passenger flights are not yet showing a structural recovery, the company reports, although KLM is slowly expanding the network again.

Parent company

All of Air France-KLM had a turnover of almost 1.2 billion euros, compared to 7 billion euros last year. The net loss amounted to EUR 2.6 billion, partly due to additional depreciation that was taken due to the early withdrawal of the Boeing 747 by KLM and the Airbus A380 and A340 by Air France.

Partly due to stricter lockdown rules in France, the French airline recorded an almost 87 percent lower turnover. Passenger numbers also dropped by Air France by about 95 percent. Budget airline Transavia, also part of the group, even transported only 1.8 percent of the number of passengers last year.

Partly due to state aid from the French and Dutch governments, Air France-KLM had 14.2 billion euros available in money and possible credit at the end of June.

Dismissal

KLM applied for nearly 300 million in state aid, making it the leader in the Netherlands. But the company will have to lay off staff anyway. Temporary agency workers and temporary employees have already said goodbye and the company introduced a voluntary departure scheme.

There is little enthusiasm for that. About 2500 registrations were received. Unions and officials expect a reorganization to be announced tomorrow that will likely cut thousands of jobs, they told RTL Z.

In three phases, a total of approximately 6,000 jobs will disappear. 1,500 temporary contracts, 2,500 volunteers and another 2,000 layoffs.

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