Dutch airline KLM plans ‘painful’ cost-cutting to combat high costs and staff shortages
- Dutch airline KLM announced a cost-cutting plan aiming to increase operating profits by around 450 million euros "in the short term."
- The company will explore options like outsourcing and postponing new investments, including its new headquarters.
- KLM CEO Marjan Rintel stated the measures are "painful" but necessary to maintain services and protect jobs.
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KLM Plans Major Cost Cutting To Strengthen Finances
Most network carriers around the globe are dealing with similar issues. While demand is strong, costs have increased considerably following the pandemic, and on top of that, margins are down a bit, as more airlines have restored capacity. In response to market conditions, KLM Royal Dutch Airlines has announced measures to structurally improve the company’s operational and financial performance, and it will have implications for both passengers …
Dutch airline KLM plans ’painful’ cost-cutting to combat high costs and staff shortages
THE HAGUE, Netherlands -- Dutch airline KLM announced a "painful" round of cost-cutting and other measures Thursday aimed at boosting the carrier's finances as it continues to recover from the COVID pandemic that grounded planes worldwide.
Dutch airline KLM has unveiled a comprehensive package of cost-cutting measures, which it hopes will lead to an increase in operating profit of around 450 million euros in the short term. They did not specifically mention job cuts, but they aim to increase productivity.
Associated Press News
Dutch airline KLM plans 'painful' cost-cutting to combat high costs and staff shortages
Dutch airline KLM has announced a “painful” round of cost-cutting and other measures. They aim to boost the carrier’s finances as it continues to recover from the COVID pandemic that grounded planes worldwide.
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