KLM in the red despite fuller aircraft | Economy

Airline KLM transported more travelers in the first three months of this year than last year and also managed to increase its ticket prices. Nevertheless, the airline had to record an operating loss of 128 million euros due to increased costs, including more expensive kerosene.

Last year, KLM still had a small profit of 3 million euros in the first quarter.

However, the airline managed to increase turnover considerably. It increased from 1.9 to 2.5 billion euros. KLM was able to deploy more aircraft that were also fuller. It carried a total of 7.8 million passengers, 1.5 million of whom flew with Transavia. Ticket prices were also higher than last year.

KLM is hopeful about the near future. For example, the number of bookings for the coming summer season is higher than last year, both at KLM itself and at subsidiary Transavia and sister company Air France. Consumers will therefore not be held back by inflation.

This certainly applies to Transavia, because despite the current problems with canceled flights, capacity this quarter is about a fifth higher than last year. In the first quarter, the difference was even greater. Meanwhile, ticket sales through September are ahead of last year.

KLM and Air France announced last month that they have fully repaid their state aid. Due to the repayments, the debt of the Air France-KLM group had fallen to 5.5 billion euros at the end of March.

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Source: NU by www.nu.nl.

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