KLM Group figures for Q4 and 2021

WEBWIRE


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In line with the 3rd quarter, KLM Royal Dutch Airlines succeeded in closing the fourth quarter of 2021 at a gain. Operational gains amounted to €127 million. This reveals that restoration is persisting, irrespective of around the globe limitations that go on to hamper travel. For the calendar year 2021 as a complete, KLM has reported a reduction of €227 million, symbolizing a substantial enhancement in comparison with the figures for 2020 when KLM experienced 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 12 months as a entire rose to €6,065 million when compared to €5,120 million in 2020. Of the €3.4 billion financial loan offer, practically nothing was drawn in 2021. As a result, up until finally now a full of €942 million was drawn.

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The calendar year 2021 consisted of two distinctive parts. The initial half of the yr was sharply damaging with journey constraints, a lockdown, the double check need et cetera, resulting in €522 million functioning decline. In contrast, the 2nd fifty percent of the calendar year was one particular of recovery and confirmed a constructive running consequence in the third and fourth quarters of €295 million. Once more this 12 months, the KLM outcome was supported by a substantial NOW contribution, for which KLM is really grateful to the Dutch government.

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Favourable booking craze

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KLM welcomed a whole of 5.2 million passengers on board in the fourth quarter of 2021. KLM and Transavia confirmed a optimistic booking trend for both of those the autumn and Christmas getaway intervals. Furthermore, much more business travellers – specifically from the modest and medium-sized business local community – took to the skies again in the fourth quarter. At the exact same time, uncertainties prevailed about the speedily changing entry demands, which include the different booster specifications coupled with supplementary screening and quarantine obligations for vaccinated travellers. In the meantime, quite a few nations are easing limits and mandatory testing. This is assisting the even more restoration. At the exact time, there are however international locations where strict journey restrictions implement, these types of as in Asia.

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Cargo contributed appreciably toward more favourable results above the previous yr. Cargo revenues rose by 29% in 2021. Engineering & Routine maintenance also managed to strengthen operational profits despite slipping revenues as a outcome of a reduce in demand from customers for 3rd-party upkeep.

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“These figures reflect KLM’s resilience. Following weathering near to two a long time of crisis, the symptoms of recovery that emerged in the third quarter of 2021 have persisted many thanks to the loyalty of our customers and the enormous efforts of our KLM colleagues. This presents energy for the extensive street to complete recovery that even now lies ahead. I’m assured we will realize success in accomplishing just that.”

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KLM President & CEO Pieter Elbers

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