KLM Group figures for Q4 and 2021

WEBWIRE


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In line with the third quarter, KLM Royal Dutch Airways succeeded in closing the fourth quarter of 2021 at a gain. Operational profits amounted to €127 million. This exhibits that restoration is persisting, even with globally limits that continue to hamper journey. For the yr 2021 as a complete, KLM has reported a reduction of €227 million, representing a sizeable advancement in comparison with the figures for 2020 when KLM suffered a reduction of €1,154 million.

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Fourth-quarter revenues in 2021 amounted to €2,038 million when compared to €1,136 million in the same quarter of 2020. Revenues for the calendar year as a complete rose to €6,065 million compared to €5,120 million in 2020. Of the €3.4 billion personal loan package, practically nothing was drawn in 2021. Consequently, up till now a full of €942 million was drawn.

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The yr 2021 consisted of two distinct sections. The initially half of the 12 months was sharply unfavorable with journey restrictions, a lockdown, the double test necessity et cetera, resulting in €522 million running loss. In distinction, the second 50 percent of the calendar year was 1 of recovery and confirmed a constructive functioning outcome in the 3rd and fourth quarters of €295 million. Yet again this 12 months, the KLM result was supported by a significant NOW contribution, for which KLM is quite grateful to the Dutch federal government.

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Constructive scheduling trend

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KLM welcomed a whole of 5.2 million travellers on board in the fourth quarter of 2021. KLM and Transavia showed a constructive booking trend for both of those the autumn and Xmas holiday break durations. In addition, a lot more business travellers – specially from the modest and medium-sized business community – took to the skies all over again in the fourth quarter. At the very same time, uncertainties prevailed about the quickly transforming entry demands, together with the distinctive booster needs coupled with supplementary tests and quarantine obligations for vaccinated travellers. Meanwhile, many nations around the world are easing limitations and necessary screening. This is helping the additional recovery. At the identical time, there are still international locations exactly where stringent vacation limitations utilize, this sort of as in Asia.

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Cargo contributed drastically in direction of a lot more favourable outcomes in excess of the earlier calendar year. Cargo revenues rose by 29% in 2021. Engineering & Maintenance also managed to enhance operational gains regardless of falling revenues as a consequence of a minimize in demand for third-bash upkeep.

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“These figures replicate KLM’s resilience. Just after weathering near to two yrs of crisis, the signals of recovery that emerged in the third quarter of 2021 have persisted thanks to the loyalty of our clients and the great efforts of our KLM colleagues. This offers power for the extended road to whole recovery that continue to lies ahead. I’m confident we will triumph in doing just that.”

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KLM President & CEO Pieter Elbers

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