KLM announces set of measures aimed at improving the airlines operational and financial performance
KLM has announced a set of measures aimed at improving its operational and financial performance, as part of Air France-KLM's initiative to meet medium-term profitability targets. The measures focus on:
- Increasing productivity
- Implementing cost-cutting initiatives through organizational simplification
- Postponing non-essential investments
- Exploring new revenue streams
- Seeking more synergies
These actions are expected to result in a 450 million euro improvement in KLM's operating result in the short term. The measures are designed to address rising costs at KLM and contribute to Air France-KLM's overall financial goals.
KLM ha annunciato una serie di misure destinate a migliorare le proprie performance operative e finanziarie, nell'ambito dell'iniziativa di Air France-KLM per raggiungere obiettivi di redditività a medio termine. Le misure si concentrano su:
- Aumentare la produttività
- Implementare iniziative di riduzione dei costi attraverso semplificazioni organizzative
- Posticipare investimenti non essenziali
- Esplorare nuove fonti di reddito
- Cercare ulteriori sinergie
Queste azioni dovrebbero portare a un miglioramento di 450 milioni di euro nel risultato operativo di KLM nel breve termine. Le misure sono progettate per affrontare l'aumento dei costi in KLM e contribuire agli obiettivi finanziari complessivi di Air France-KLM.
KLM ha anunciado un conjunto de medidas destinadas a mejorar su rendimiento operativo y financiero, como parte de la iniciativa de Air France-KLM para cumplir con los objetivos de rentabilidad a medio plazo. Las medidas se centran en:
- Aumentar la productividad
- Implementar iniciativas de reducción de costos a través de la simplificación organizativa
- Posponer inversiones no esenciales
- Explorar nuevas fuentes de ingresos
- Buscar más sinergias
Se espera que estas acciones resulten en una mejora de 450 millones de euros en el resultado operativo de KLM a corto plazo. Las medidas están diseñadas para abordar el aumento de costos en KLM y contribuir a los objetivos financieros generales de Air France-KLM.
KLM은 중기 수익성 목표를 달성하기 위한 Air France-KLM의 전략의 일환으로 운영 및 재무 성과를 개선하기 위한 일련의 조치를 발표했습니다. 이 조치는 다음에 중점을 두고 있습니다:
- 생산성 증가
- 조직 단순화를 통한 비용 절감 이니셔티브 시행
- 비필수 투자의 연기
- 새로운 수익원 탐색
- 더 많은 시너지 찾기
이러한 조치는 KLM의 운영 결과를 단기적으로 4억 5천만 유로 개선하는 것으로 예상됩니다. 이 조치는 KLM의 급증하는 비용 문제를 해결하고 Air France-KLM의 전반적인 재무 목표에 기여하기 위해 설계되었습니다.
KLM a annoncé un ensemble de mesures visant à améliorer sa performance opérationnelle et financière, dans le cadre de l’initiative d'Air France-KLM pour atteindre des objectifs de rentabilité à moyen terme. Les mesures se concentrent sur :
- Augmenter la productivité
- Mettre en œuvre des initiatives de réduction des coûts par la simplification organisationnelle
- Reporter les investissements non essentiels
- Explorer de nouvelles sources de revenus
- Chercher davantage de synergies
Ces actions devraient aboutir à une amélioration de 450 millions d'euros du résultat opérationnel de KLM à court terme. Les mesures sont conçues pour faire face à l'augmentation des coûts chez KLM et contribuer aux objectifs financiers globaux d'Air France-KLM.
KLM hat eine Reihe von Maßnahmen angekündigt, die darauf abzielen, die operative und finanzielle Leistung zu verbessern, im Rahmen der Initiative von Air France-KLM zur Erreichung mittelfristiger Rentabilitätsziele. Die Maßnahmen konzentrieren sich auf:
- Steigerung der Produktivität
- Umsetzung von Kostensenkungsinitiativen durch organisatorische Vereinfachung
- Verschiebung von nicht wesentlichen Investitionen
- Erkundung neuer Einnahmequellen
- Suche nach weiteren Synergien
Diese Maßnahmen sollen zu einer Verbesserung von 450 Millionen Euro im operativen Ergebnis von KLM in kurzer Frist führen. Die Maßnahmen sollen den steigenden Kosten bei KLM entgegenwirken und zu den allgemeinen finanziellen Zielen von Air France-KLM beitragen.
- Expected 450 million euro improvement in operating result
- Focus on increasing productivity and cost-cutting initiatives
- Exploration of new revenue streams
- Seeking more synergies within the Air France-KLM group
- Rising costs at KLM necessitating performance improvement measures
- Postponement of non-essential investments
Paris, 3 October 2024
KLM announces set of measures aimed at improving the airline’s operational and financial performance
Earlier this year, Air France-KLM announced that measures would be implemented at KLM to structurally improve the airline’s operational and financial performance.
These measures are required to address rising costs at KLM and to secure Air France-KLM’s ability to meet its medium-term profitability targets.
KLM today presented the outlines of these measures, which notably include a focus on productivity, cost-cutting initiatives notably through simplification of the organization, and the postponement of all non-essential investments.
In parallel, KLM will explore new revenue streams and seek to achieve more synergies.
KLM expects these measures to result in a 450m€ improvement of its operating result in the short term.
Further details on the measures can be found here.
Investor Relations
Michiel Klinkers Marouane Mami
michiel.klinkers@airfranceklm.com marouane.mami@airfranceklm.com
Website: www.airfranceklm.com
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