KLM be suffering recordverlies of nearly 800 million euros in the first half of the 2020

KLM royal Dutch airlines for the first six months of this year, with a negative result of almost € 800 million is obtained, as is apparent on Thursday from the financial statements of the airline. In the same period of the previous year, this was still a positive result of eur 223 million, a difference of almost 1 billion euros.

"These financial results highlight the impact of this unprecedented crisis in the aviation industry and KLM," says ceo Pieter Elbers of KLM royal Dutch airlines. "As a result of more than 800 million euros in the first six months, the worst showing in the KLM royal Dutch airlines' history."

In the second quarter, the decline in the number of passengers on KLM's 95-percent of the more than nine million, more than half a million people. During the period from april to June, suffering, KLM is in a net operating loss of almost eur 500 million. In the same period of the previous year, the company has a net profit of € 270 million.

The airline and makes a sat night you will know how the cabinet agreed-upon budget cuts are made. "While there is much to be done, and will have further-reaching measures are, therefore, inevitable, unfortunately," said Elbers.

The restructuring is part of the package that KLM gave the Dutch government. In return for the aid package of € 3.4 billion and suggested to the government on condition that the costs of a 15 per cent down to. That has translated to a savings of 1.3 billion euros. A portion of these savings will be passed on to the staff.

a net Loss of 4.4 billion for the parent company, Air France-KLM

the Parent company, Air France-KLM group has recorded in the first six months of the year, and a net loss of 4.4 billion euros. In the miljardenverlies is a write-off on an Airbus A380, and A340 aircraft, worth a total of nearly € 600 million. Moreover, it flies only in the Air France with these devices. Also, 100 million euros will be written off as a fuel, and has more than 225 million euro has been set aside for the next change.

Air France-KLM is expected in the next few months, a little more to be able to fly with the group is expected in the third quarter, with 45 per cent of the previous year's level of flight. In the fourth quarter and that should increase to 60 per cent. Air France-KLM, however, is that the behaviour of the passenger, due to the coronacrisis is more difficult to predict.

See also: KLM on Friday for more details of the impending reorganization