KLM Royal Dutch Airlines is exploring “strategic options” for its subsidiary KLM Catering Services (KCS) to enhance operational and financial performance, with imminent investments planned for a new catering facility.
CEO Marjan Rintel emphasized that the airline is not considering selling or downsizing KCS but is looking into collaborations for long-term viability and efficiency in catering operations.
The third quarter 2024 results revealed that Air France-KLM incurred a €25m loss due to a massive computer outage in July, significantly disrupting operations and leading to flight cancellations and logistical challenges.
KLM reported a lower operating profit of €396m for Q3 on revenues of €3.5 billion, attributing the decline to rising costs; the airline has launched its “Back on Track” plan aimed at achieving a €450m EBIT improvement by 2026-2028 through increased productivity and cost-cutting measures.
