October 1, 2003 |
Air France and KLM Royal Dutch Airlines plan to create an aviation group that would surpass British Airways as Europe's largest airline operator. The deal would unite Europe's second- and fourth-largest carriers under one corporate parent, to be called Air France-KLM. The new company would generate annual revenue of about $22.08 billion, compared with $12.4 billion last year for British Airways. The group would serve 58.
March 18, 2001
The Internet travel site Travelocity.com has begun charging a $10 "service fee" on Northwest and KLM tickets after the two partner airlines eliminated sales commissions for online sales. Travelocity said no other airlines had followed suit as of last week. Expedia.com, another major online travel seller, said it was in discussions with the two airlines and was not charging service fees.
June 5, 1992 |
KLM Royal Dutch Airlines reported a profit for its March 31 fiscal year and restored its dividend after missing its payout the previous year. The Dutch flag carrier made a $69-million net profit in the year to March 31 after a loss of $348 million in the year before. Revenue rose to $4.37 billion from $3.62 billion.
October 22, 2001 |
British Airways, Europe's largest airline, said Sunday that it is in talks with KLM Royal Dutch Airlines and other carriers about combining operations as a slump in demand forces airlines to cut costs. "European aviation has to consolidate," BA Chief Executive Rod Eddington said. "By the time it's finished there'll probably be three rather than 15 major international carriers in Europe," he said, citing British Airways, Lufthansa and Air France.
June 5, 2000 |
British Airways, Europe's biggest airline, wants to link with KLM Royal Dutch Airlines by the end of the summer, the Sunday Times reported. A BA spokeswoman declined to comment on "media speculation." The newspaper also said that if American Airlines parent AMR Corp. manages to buy Northwest Airlines Corp., the four airlines could then form a "transatlantic super-alliance."
February 7, 1991 |
KLM Royal Dutch Airlines, hit by soaring fuel costs and falling passenger traffic since the start of the Gulf crisis, said today it expects to lose $396 million in the current fiscal year ending in March. It earned $207 million in the last financial year, which ended March 31, 1990. The Dutch-flag carrier reported a net loss of $130 million in the third quarter to Dec. 31, against a $35.7-million profit in the same period a year earlier.
April 28, 2013
Pack your cool-weather clothes for this deal: KLM has a $754 round-trip airfare to St. Petersburg, Russia, from LAX , including all taxes and fees. It is subject to availability and requires a Saturday night stay. Other restrictions may apply. It is for travel between Sept. 15 and March 27. Info : KLM , (800) 225-2525 Source: Airfarewatchdog Follow us on Twitter @latimestravel , like us on Facebook @Los Angeles Times Travel.
April 10, 1986
Boeing valued the sale at about $900 million. KLM Royal Dutch Airlines became the first European airline to order the ultra-long range jets, which are scheduled for delivery in 1989 and 1990. They will be used to replace 747-200s that KLM purchased in the early 1970s.
June 2, 1989 |
KLM Royal Dutch Airlines said Thursday that it has joined with Los Angeles financier Alfred A. Checchi in his bid for NWA Inc., the parent of Northwest Airlines. KLM, which has been looking for a U.S. partner, issued a statement saying it had agreed to buy a "minority equity interest in a corporation formed by Alfred Checchi" to bid for NWA. KLM spokeswoman Odette Fodor said a confidentiality agreement between Checchi's group and NWA prohibited disclosures about the size of KLM's investment.
July 31, 1997 |
Bad feelings between Northwest Airlines and KLM Royal Dutch Airlines were put aside Wednesday as KLM agreed to sell back its ownership stake in the U.S. carrier for more than $1 billion, more than doubling its initial investment. The airlines also said they will replace a partnership with long-term contracts to keep the profitable alliance going. "Northwest and KLM will expand the most successful airline alliance in the industry.