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In a short statement KLM announced its 2016 financial results.

KLM achieved good results in 2016. Our results are improving, we are reducing costs, there is more leverage for investment and customer satisfaction is rising. In short, KLM has regained its enterprising spirit! What’s more, everyone at KLM benefits from better results through the improved profit-sharing scheme. But KLM needs to keep going. Ticket prices are falling due to lower fuel prices and overcapacity. And competition remains fierce. We are lagging behind our competitors in terms of both cost levels and yield. In order to continue growing, we therefore need to pursue our efforts to further raise productivity and cut costs in 2017 as well. This will enable us to increase investment levels in line with our objectives and our ambition of becoming the most customer-centric, innovative and efficient network carrier in Europe. Pieter Elbers – KLM President & CEO

This post was published on 16 February 2017 09:22

Bart Noëth

Working for 25 years in the aviation industry, I changed my career and became a firefighter/EMT in 2021. I like to spend my free time with my two sons, girlfriend, family and friends. I love to travel, wine and dine and support my favourite football squad KV Mechelen. Once an Ironman 70.3 finisher and dreaming of completing a full distance.

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