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03-Oct-2024 8:46 AM

KLM announces firm measures to strengthen operational and financial position

Direct News Source

KLM today announced measures to structurally improve the company's operational and financial performance. These measures include increasing productivity, simplifying the organisation, cutting costs and deferring or postponing investments. Despite revenue growth, these interventions are necessary because of the rising cost of equipment, staff and airport fees. Furthermore, KLM is engaged in an extensive fleet renewal - a billion-dollar investment aimed at cleaner, quieter and more fuel-efficient flying.

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This press release was sourced from KLM on 02-Oct-2024.