Air Transport World

KLM reported profits of Nlg456.(Brief Article)(Statistical Data Included)

KLM reported profits of Nlg456 million ($216.7 million) for its fiscal year ended March 31, down 24% on the previous year. Excluding one-time gains in both periods, income fell 61%, the airline said.

Fourth-quarter loss improved slightly to Nlg88 million from Nlg96 million on extraordinary gains as operating loss widened to Nlg236 million from Nlg62 million last year. The airline said the fourth-quarter operating loss was "higher than expected" and attributed it to lower traffic revenues as a result of lower yields.

Commenting on the full-year results, the airline said the decline "is mainly attributable to the negative impact of the economic crisis in Asia, increased competition on European and Atlantic routes and fallout from the Sept. …

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