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First-Class-Member
Anestrepse to arnhtiko klima h KLM pou epistrefei ksana sthn kerdoforia meta apo ta arnhtika persina apotelesmata.
Source:
http://www.commercialaviationtoday.com
KLM Reverses Loss for the Year
KLM Group today reported an operating profit of €120 million for the fiscal year ended March 31. This compares to an operating loss of €484 million last year. Net profit for the year amounted to €24 million, whereas last year the group reported a net loss including extraordinary items of €416 million.
Main drivers for the net profit of this fiscal year are a better than previously expected improvement in the group’s fourth quarter operating income, as well as a significantly improving financial performance of KLM’s passenger business in the course of the fiscal year. This was not only reflected by both better than expected traffic volumes and yields, but also by the fact that the group continued to deliver on its cost reduction program and met its €200 million cost savings target for the fiscal year.
Leo van Wijk, president and CEO of KLM, said: ‘The fiscal year 2003/04 has been a challenging and rewarding year for KLM. We successfully implemented the structural cost reductions targeted for this year and delivered a net profit for the fiscal year, which is a great achievement against the background of a continuous difficult operating environment."
Operating expenses before depreciation and long term rentals were down 18 percent over 2003 at €5.1 billion. Total operating expenses were down 17 percent at €5.8 billion. This included labor costs that were down two percent at €2.0 billion.
For the year, KLM carried virtually the same amount of traffic on capacity that was one percent lower with a high load factor of 79.2 percent. Yield was down eight percent at 47.4 euro cents. On the cargo side, unit revenues per available tonne kilometer were nine percent at 37.5 euro cents.
Source:
http://www.commercialaviationtoday.com
KLM Reverses Loss for the Year
KLM Group today reported an operating profit of €120 million for the fiscal year ended March 31. This compares to an operating loss of €484 million last year. Net profit for the year amounted to €24 million, whereas last year the group reported a net loss including extraordinary items of €416 million.
Main drivers for the net profit of this fiscal year are a better than previously expected improvement in the group’s fourth quarter operating income, as well as a significantly improving financial performance of KLM’s passenger business in the course of the fiscal year. This was not only reflected by both better than expected traffic volumes and yields, but also by the fact that the group continued to deliver on its cost reduction program and met its €200 million cost savings target for the fiscal year.
Leo van Wijk, president and CEO of KLM, said: ‘The fiscal year 2003/04 has been a challenging and rewarding year for KLM. We successfully implemented the structural cost reductions targeted for this year and delivered a net profit for the fiscal year, which is a great achievement against the background of a continuous difficult operating environment."
Operating expenses before depreciation and long term rentals were down 18 percent over 2003 at €5.1 billion. Total operating expenses were down 17 percent at €5.8 billion. This included labor costs that were down two percent at €2.0 billion.
For the year, KLM carried virtually the same amount of traffic on capacity that was one percent lower with a high load factor of 79.2 percent. Yield was down eight percent at 47.4 euro cents. On the cargo side, unit revenues per available tonne kilometer were nine percent at 37.5 euro cents.