Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service
KLM registered losses for 108 EURm in the last quarter of 2001-2002 fiscal year
Amsterdam, The Netherlands
The Dutch airline KLM registered, in the fiscal fourth quarter, net losses for Eur108 million from eur88 million a year earlier as cost-cutting measures proved insufficient to overcome slumping revenue. Operating revenues fell 4.1% to eur1.49 billion. Personnel costs shot up 10%, despite a 2% decline in the size of the workforce. For the full year to March 31 KLM lost eur156 million versus...
AVIONEWS - World Aeronautical Press Agency - 27815
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency