newstodate.aero
MAY 09, 2003 (newstodate): KLM Group reported a year in the red, with an operating loss at EUR 252 million in its last Q4 ending March 31, 2003.
KLM points to the effects of the Iraq war, and the outbreak of SARS, but the airline now points to the need for "structural changes" to its operating model.
KLM Cargo generated EUR 249 million of traffic revenues in Q4, down two percent on last year.
This was due, says KLM, to a combined result of higher traffic volumes and lower yields.
RFTK was up two percent, while AFTK was up five percent. This pushed back the cargo load factor by 2.3 percentage points, to 70.9 percent.
Cargo yields fell by four percent compared to last year, but excluding currency effects, cargo yields increased by four percent, year-on-year.
KLM points to the effects of the Iraq war, and the outbreak of SARS, but the airline now points to the need for "structural changes" to its operating model.
KLM Cargo generated EUR 249 million of traffic revenues in Q4, down two percent on last year.
This was due, says KLM, to a combined result of higher traffic volumes and lower yields.
RFTK was up two percent, while AFTK was up five percent. This pushed back the cargo load factor by 2.3 percentage points, to 70.9 percent.
Cargo yields fell by four percent compared to last year, but excluding currency effects, cargo yields increased by four percent, year-on-year.