THE HAGUE, Netherlands — 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.
THE HAGUE, Netherlands — 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.Chief Executive Officer 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.
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, but it is necessary, and it has to be done now,' Rintel said in a statement.The cost-cutting will also help clear the way for investments in rejuvenating KLM's fleet to buy quieter and more fuel-efficient planes, said Chief Financial Officer Bas Brouns.
Airline KLM Plans 'Painful' Cost-Cutting
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