We achieved favourable financial figures for the third quarter because our customers are keen to travel. However, the first nine months of the year were not without a fair share of hurdles. Ongoing problems with the delivery times of parts worldwide and the still-tight labour market mean that we cannot solve the bottlenecks that arose during corona as quickly as we would have liked. What’s more, uncertainties are now threatening the future of Schiphol and Dutch aviation. We’re maintaining course at KLM. We will be operating cleaner, quieter and more efficient flights and therefore placed a billion-dollar order with Airbus in September for brand-new A350s to replace the older aircraft in our fleet. We stand for a well-connected Netherlands and continue to invest in achieving this objective, which enjoys commitment from everyone at KLM. We also need clear and stable government policy to support this.

We must remain cautious. Pressing geopolitical tensions, signs of recession in the cargo market and rising oil prices make it necessary to focus on cost control and increased efficiency. At the same time, investments are necessary in order to achieve our objective of operating cleaner, quieter and more efficient flights. For this reason, we’ve initiated a programme aimed at achieving a structural, annual improvement of €700 million in terms of margins. We will be cutting costs and working more efficiently and effectively to achieve this.