KLM takes “painful” measures to improve operational and financial position

KLM has revealed the “painful” measures to improve its operational and financial position. It is estimated to improve the company’s operating result by €450 million in the short term, which is estimated to lead to profit margin above 8% by 2026-2028. The airline said the measures will maintain its network while protecting jobs across the company. It comes as the airline felt the weight of high costs as well as a shortage of staff and equipment. “Our aircraft are full,” said KLM CEO & president Marjan Rintel, “but our capacity is still not back to pre-corona levels. We want to