Dutch airline KLM has announced a “painful” round of cost-cutting and other measures. They aim to boost the carrier’s finances as it continues to recover from the COVID pandemic that grounded planes worldwide.
FILE - KLM airplanes sit in Schiphol Airport near Amsterdam, Netherlands , on Jan. 18, 2018. announced a “painful” round of cost-cutting and other measures Thursday aimed at boosting the carrier’s finances as it continues to, “is suffering from high costs and shortages of staff and equipment. Our aircraft are full, but our capacity is still not back to pre-corona levels.”KLM said the package of measures is intended to improve its operating result by 450 million euros in the short term.
The cost-cutting will also help clear the way for investments in rejuvenating KLM’s fleet to buy quieter and more fuel-efficient planes, said chief financial officer Bas Brouns.
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