News

DUTCH flag carrier KLM has revealed a net loss of £55 million for the quarter ending December 31.

The figure compares to an operating profit for the same period last year of  £28 million.

KLM president and chief executive officer Leo van Wijk said: “It is a credit to the organisation’s resilience and flexibility that it was able to respond to the decline in demand, especially for passenger travel, after the events of September 11. Through a variety of actions the negative impact on the bottom line was less than initially foreseen and we were able to achieve a positive cash flow.”