JOURNAL ARTICLE

Dutch Airline KLM to Postpone Investments in Cost-Cutting Push.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Jacob, Sarah 3 of 3

Abstract

Dutch airline KLM NV has announced plans to postpone or cancel investments and streamline its operations in response to increasing costs. The company expects these measures to improve its operating result by €450 million ($497 million) in the short term, leading to a profit margin of over 8% in 2026-2028. KLM is facing challenges such as high costs, employee and equipment shortages, and reduced capacity due to the COVID-19 pandemic. The airline will operate fewer flights due to a shortage of technicians and supply problems, and it is considering outsourcing maintenance and divesting non-essential activities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:180112319
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