KLM Targets Unit Cost Reduction By 1.5% Per Year

A month after the sudden departure of CEO Camiel Eurlings, KLM has put an immediate freeze on cabin crew jobs and plans to lower operating costs by €700 million ($870 million) over the next five years to increase competitiveness, abate falling yields and earn decent returns to support the necessary...

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.