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Jul 24, 2003 (newstodate): For its first quarter, ending June 30, KLM generated a total operating loss of 66 million euro.
SARS, the war in Iraq and the drain on yields were among the reasons for this significant decline.
Operating revenues from KLM Cargo were 259 million euro, while RTKs were up by three percent.
Cargo yields were, however down by seven percent, year on year, so operating revenues dropped four percent, and operating profits were down by 30 percent to 14 million euro.
SARS, the war in Iraq and the drain on yields were among the reasons for this significant decline.
Operating revenues from KLM Cargo were 259 million euro, while RTKs were up by three percent.
Cargo yields were, however down by seven percent, year on year, so operating revenues dropped four percent, and operating profits were down by 30 percent to 14 million euro.