Air Transport World

KLM Group. (Europe Report).(Brief Article)(Statistical Data Included)

KLM Group reported net income of [euro] million ($11 million) for the fiscal first quarter ended June 30. Although the results were down 42.1% from [euro]19 million last year, operating income improved and the airline confirmed it expects to report an operating profit for year to next March 31. Operating revenues dropped 2% to [euro]1.69 billion and operating expenses fell 3% to [euro]1.65 billion, resulting in operating income of [euro]41 million, up 78.3% from 2001. The airline's overall liquidity position remains "strong," totaling [euro]1. …

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