Dutch airline KLM plans 'painful' cost-cutting to combat high costs and staff shortages [Financial Post (Toronto, Ontario, Canada)]
AIR FRANCE-KLM ADS (AFLYY)
NASDAQ:AMEX Investor Relations:
airfranceklm.com/en/contacting-investor-relations-department
Company Research
Source: Financial Post
THE HAGUE, Netherlands (AP) — Dutch airline KLM announced a “painful” round of cost-cutting and other measures Thursday aimed at boosting the carrier's finances as it continues to recover from the COVID pandemic that grounded planes worldwide. CEO Marjan Rintel said KLM, along with many other airlines, “is suffering from high costs and shortages of staff and equipment. Our aircraft are full, but our capacity is still not back to pre-corona levels.” The Dutch carrier is part of the Air France-KLM group that had a 7.1 billion-euro ($8.4 billion) loss in 2020 as the global pandemic grounded planes and halted travel plans worldwide, causing a 67% slump in passenger numbers. KLM said the package of measures is intended to improve its operating result by 450 million euros ($497 million) in the short term. It did not reveal if the changes would lead to staff cuts, but said it aims to “protect jobs across the company as much as possible.” “This is painful for every KLM colleague, b
Show less
Read more
Impact Snapshot
Event Time:
AFLYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AFLYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AFLYY alerts
High impacting AIR FRANCE-KLM ADS news events
Weekly update
A roundup of the hottest topics
AFLYY
News
- Airline Market is Projected to Hit US$ 1723.91 Billion with 8.8% CAGR by 2034 | Fact.MR Report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Portugal targets 2025 TAP sale as more than 12 potential buyers show interest [Yahoo! Finance Canada]Yahoo! Finance Canada
- Portugal targets 2025 TAP sale as more than 12 potential buyers show interest [Yahoo! Finance]Yahoo! Finance
- Air France-KLM (AFLYY) Q3 2024 Earnings Call Highlights: Navigating Olympic Impacts and Rising Costs [Yahoo! Finance]Yahoo! Finance
- Air France-KLM says people avoided Paris during the Olympic Games — and that was bad news for the airline group [Business Insider]Business Insider