KLM initiates cost-cutting measures to recover from a €7.1B 2020 pandemic loss, aiming to improve operating results by €450M.

KLM, the Dutch airline under the Air France-KLM group, is initiating cost-cutting measures to recover from a 7.1 billion-euro loss in 2020 due to the pandemic. CEO Marjan Rintel aims to improve operating results by 450 million euros in the short term. Measures include increasing productivity, addressing pilot shortages, and balancing European and long-haul flights. While potential job cuts were not specified, the airline emphasizes protecting jobs amid staffing challenges.

October 03, 2024
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