KLM, Hit By Higher Fuel Costs, Loses Money In December Quarter
KLM posted a fiscal third quarter operating loss of 19 million guilders (US$10 million) as fuel costs increases wiped out any hope of a profit. In the three months ended Dec. 31, fuel expenses rose NLG83 million (US$45 million) and operating income fell NLG75 million (US$41 million). The carrier had...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.