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                    <title><![CDATA[KLM Newsroom]]></title>
                    <link>https://news.klm.com/</link>
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                    <pubDate>Wed, 30 Oct 2019 20:20:18 +0100</pubDate>
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                        <title>KLM third quarter results 2019</title>
                        <link>https://news.klm.com/klm-third-quarter-results-2019/</link>
                        <guid>https://news.klm.com/klm-third-quarter-results-2019/</guid><pp:caseid>365004</pp:caseid><description><![CDATA[<p>.</p>]]></description><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[Pieter Elbers - KLM President &amp; CEO]]></pp:quotename>
                    <pp:quotetext><![CDATA[KLM&rsquo;s operating income for the third quarter of 2019 amounts to &euro; 512 million. In absolute terms, this is a good result for our important third quarter thanks to all the hard work put in by many KLM employees during the busy summer months. However, it does represent a decrease of &euro; 61 million in comparison with Q3 last year, due to higher costs &ndash; especially those related to fuel &ndash; and lower revenues per seat. Other factors contributing towards lower Q3 earnings include significantly reduced earnings and load factor for KLM Cargo.&nbsp;<br />
Against a backdrop of rising costs and increasing pressure on revenues across the entire KLM Group, focusing on costs remains a top priority. This is vital in order to continue investing in the quality of our product, our people and our sustainability objectives.]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[derde kwartaal,2019,third quarter]]></category>
            <pubDate>Thu, 31 Oct 2019 07:20:00 +0100</pubDate>
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                <pp:imageOriginal>https://content.presspage.com/uploads/162/paulridderhof30jun196212-782017.jpg?10000</pp:imageOriginal><pp:imageTitle><![CDATA[Paul Ridderhof 30jun19 (6212)]]></pp:imageTitle></item><item>
                        <title>KLM results improve in third quarter </title>
                        <link>https://news.klm.com/klm-results-improve-in-third-quarter/</link>
                        <guid>https://news.klm.com/klm-results-improve-in-third-quarter/</guid><pp:caseid>244545</pp:caseid><description><![CDATA[<p><em>The joint Air France KLM third quarter 2017 are available in the download box in this message.</em>&nbsp;</p>]]></description><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[Pieter Elbers - KLM President &amp; CEO]]></pp:quotename>
                    <pp:quotetext><![CDATA[KLM achieved an operating result of EUR 540 million the third quarter, up EUR 118 million (gross margin 18.5%) compared to the third quarter last year. During the first nine months of 2017, KLM&rsquo;s operating result increased by EUR 211 million, from EUR 628 to EUR 840 million (gross margin 10,7%). This increase was driven by a combination of 1) higher revenues, 2) lower fuel costs, and 3) efforts guided by the Perform 2020 programme, resulting in lower unit costs. Productivity was up 3.7% in the first nine months. This positive intermediate result was achieved thanks to the efforts of all KLM staff.<br />
<br />
Third-quarter capacity growth at KLM Passenger was restricted to 2,1%, with passenger capacity up 4.6% over the first nine months. Further growth is obstructed by the busy peaks at Schiphol in the summer. Although capacity growth was limited in the third quarter, KLM Passenger saw revenue per passenger and load factor increase.<br />
<br />
The results for the first nine months are definitely very promising and they confirm that our KLM strategy is working. However, these are intermediate results. KLM will continue on its path towards productivity gains and further structural cost reduction with the purpose to further ramp up its investment levels in the interests of its customers and employees.]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[klm,airfrance,third quarter]]></category>
            <pubDate>Fri, 03 Nov 2017 07:30:00 +0100</pubDate>
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                        <title>KLM financial result, third quarter 2016</title>
                        <link>https://news.klm.com/klm-financial-result-third-quarter-2016/</link>
                        <guid>https://news.klm.com/klm-financial-result-third-quarter-2016/</guid><pp:caseid>154663</pp:caseid><description><![CDATA[<p>Thanks to the concerted efforts of all KLM employees, the cost-cutting measures continued to bear fruit in the third quarter. This generated a unit cost reduction of -1.4%, even taking account of the improved profit-sharing scheme for cockpit and grounds crew established on the basis of the last collective labour agreements. Lowering our costs in order to make investments is an essential part of Perform 2020.</p>

<p>However the results were negatively impacted by diminishing unit revenues as a consequence of increasing competitive pressure. In this context, the decreasing unit revenues outweighed the benefits achieved due to the lower fuel price. Moving forward, this will bring increasing pressure to bear on our income. Combined with major investments into our fleet, product and digitalisation for customers and staff, this serves to illustrate the unrelenting necessity of further, structural cost cuts in line with our objectives.</p>

<p>KLM booked an operating income of +&euro;628 million (COI margin 8.5%) for the first nine months of this year. This represents an improvement of &euro;283 million in comparison with the same period last year. This significant improvement can be largely attributed to the positive results achieved in the first half of the year, where fuel savings could for the most part be reflected in the results.</p>

<p>Pieter Elbers<br />
<span>KLM President & CEO</span></p>

<p><em>(*) in the&nbsp;download section you will find the Air France-KLM Financial Year 2016: Third Quarter results.</em></p>]]></description><category><![CDATA[klm,airfrance,financial,third quarter]]></category>
            <pubDate>Thu, 03 Nov 2016 08:30:00 +0100</pubDate>
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