First Half Year results 2012
SECOND QUARTER: - 4.5% rise in revenues to 6.5 billion euros. - Decline in unit costs on a constant currency and fuel price basis. - Improvement in operating result (-66 million euros against -145 million euros at 30 June 2011). - Net result impacted by non-cash items not affecting operating cash-flow (restructuring provision of 368 million euros and negative change in derivatives of 372 million euros)
- 5.2% rise in revenues to 12.1 billion euros
- Fuel bill up 469 million euros
- Reduction in net debt close to 300 million euros
TRANSFORM 2015 PLAN
- Roll out in line with initial calendar
- First significant effects in the Second Half
KLM Royal Dutch Airlines was founded in 1919, making it the world's oldest airline operating under its original name. In 2004, Air France and KLM merged to form AIR FRANCE KLM. The merger produced the strongest European airline group based on two powerful brands names and hubs —Amsterdam Airport Schiphol and Paris Charles de Gaulle. The two airlines collaborate on three core activities while maintaining their own identities — passenger transport, cargo, transport, and aircraft maintenance.
In the Netherlands, KLM comprises the core of the KLM Group which further includes KLM cityhopper and transavia.com. KLM serves 135 destinations using a modern fleet of 157 aircraft and employs over 33,000 people around the world. KLM is a leader in the airline industry, which offers reliable operations and customer-oriented products resulting from its policy of enthusiasm and sustainable innovation.
KLM is a member of SkyTeam, an airline alliance offering a network of 926 destinations in more than 173 countries. The KLM network connects the Netherlands to every important economic region around the world and, as such, serves as a powerful driver for the Dutch economy.