KLM Royal Dutch Airlines reported a 24.4 percent drop in net income to
456 million Dutch guilders ($221 million) for the fiscal year ending March
31.
KLM said the impact of Asia’s financial crisis, increased competition on
European and North Atlantic routes and a September 1998 pilot strike at
Northwest Airlines led to the decline.
Turnover at the airline fell slightly to NLG 13.33 billion from NLG
13.36 billion. Total traffic increased just 1 percent while capacity rose 4
percent, leading to a 2.7 percentage point decline in load factor to 75.1
percent.
Cargo revenue for the year fell 3.1 percent to NLG 1.9 billion, while
cargo load factor decreased from 71.4 percent to 67.3 percent.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now