English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Air France-KLM back in the black

AMSTELVEEN, the Netherlands: Former KLM president and CEO Sergio Orlandini passed away on October 28. He was 94.

Orlandini joined KLM in 1951 and was appointed president & CEO in 1973 – a post he held until his retirement in 1987.

After Albert Plesman, KLM's founder, he was the airline's longest serving chief executive and according to a tribute by current CEO Pieter Elbers, led the company successfully through turbulent times of market over-capacity, fuel price rises, recession and fierce competition.

He also oversaw a typical Dutch solution to the excess capacity with the conversion of KLM B747s into main deck Combi aircraft – a move that led to a 200 percent increase in cargo volumes at yields rarely seen since.

sergio-orlandini klmElbers noted that Orlandini (right) "praised the positive and constructive spirit of the KLM workforce, which in turn respected him enormously", because he believed people formed the heart of the company and that everyone was important.

"We will always be indebted to this icon of our company for his involvement and many years of service he devoted to KLM," added Elbers.

A day after Orlandini's passing, Air France-KLM reported a net profit of €480 million for Q3 2015 ending September 30 on revenue of €7.4 billion, a 10.8 percent increase in revenue over the same period last year.

Revenue for the first nine months rose 5.4 percent to €19.7 billion to produce an operating result of €666 million – up from just €40 million in 2014. The group's net loss fell from minus €533 million to minus €158 million year-on-year.

Air France reported revenue of €12.4 billion for the year to September – up 6.9 percent – and an EBITDA of €1.14 billion compared to €618 million in the previous period. KLM revenue totaled €7.5 billion for the nine months, a rise of 3.0 percent year-on-year, to produce an EBITDA of €742 million - an increase of €96 million over 2014.

Group cargo revenue for the same period was €1.8 billion, down 7.8 percent compared to the first nine months of 2014, and the cargo operating loss expanded from minus €141 million to minus €222 million year-on-year. With the retirement of all MD-11 freighters by June next year, AF-KL-MP will operate five full-freighter aircraft at the end of 2016.

Commenting on the results, group chairman Alexandre de Juniac said: "A favorable environment, principally characterized by lower fuel prices and strong demand over the summer, resulted in an improvement of Air France-KLM's results during the third quarter and first nine months of 2015.

"This improvement is however not sufficient to bridge the competitiveness gap with our competitors or to generate the financial resources required to finance the group's growth." De Juniac said implementing the group's 'Perform 2020' plan would be "vital" to achieve both these goals and added: "The management invites union representatives to resume negotiations as soon as possible as they are crucial for the success of this plan."

Orlandini would probably have said something similar.

News

Written on 17/11/2017, 21:43
decathlon-takes-to-the-railsDOURGES, France: November 16, 2017. Maersk Line and Damco, subsidiaries of A.P. Møller – Mærsk, have completed their first block train from Wuhan, China...
Written on 16/11/2017, 18:06
mia-director-resignsMIAMI: November 14, 2017. Miami-Dade County Aviation Department director and CEO Emilio González, the driving force behind much of Miami International...
Written on 14/11/2017, 20:26
truck-manufacturers-face-class-action-lawsuitLONDON: November 14, 2017. UK law firm Collyer Bristow has established a £100 million class action for truck operators that may have been overcharged by...
Written on 14/11/2017, 17:03
finland-opens-new-rail-route-to-chinaKOUVOLA, Finland. November 12, 2017. A new weekly rail service between Northern Europe and China launched on November 10 as the first train with 41...
Written on 10/11/2017, 20:10
imd-acknowledges-family-business-excellenceGRAN CANARIA, Canary Islands: November 10, 2017. Swiss business school IMD has recognized global brand management company Pentland Group with its 22nd...
Written on 08/11/2017, 22:02
how-much-carbon-risk-in-us-355-billionLONDON: November 08, 2017. The Carbon War Room (CWR), founded in 2009 by Richard Branson and others to advance the low carbon economy, is calling for the...
Written on 07/11/2017, 19:59
costa-rica-signs-biofuel-deal-with-klmAMSTERDAM: November 07, 2017. As delegates to the 2017 UN Climate Change Conference (COP 23) meet in Bonn this week, KLM and the government of Costa Rica...
Written on 06/11/2017, 02:27
qatar-airways-takes-cathay-pacific-stakeHONG KONG/DOHA: November 06, 2017. Qatar Airways is buying 9.6 percent of Cathay Pacific Airways (CX) for HK$5.16 billion (US$661 million). The shares...
Written on 03/11/2017, 15:09
slower-airfreight-growth-in-2018-says-iataGENEVA: November 01, 2017. IATA reports a 9.2 percent increase in flown freight in September 2017 compared to the same month last year as capacity rose...
Written on 01/11/2017, 19:42
heathrow-misery-must-end-say-forwardersLONDON: November 01, 2017. The head of the UK's freight forwarder association says his members "want action, not words" to resolve congestion at...
Written on 30/10/2017, 21:03
china-s-one-belt-one-road-gets-new-rail-linkBAKU, Azerbaijan: October 30, 2017. The Baku-Tbilisi-Kars (BTK) railway connecting Azerbaijan, Georgia and Turkey has opened following the completion of a...
Written on 29/10/2017, 19:47
dp-world-to-support-us-500-billion-saudi-projectRIYADH, Saudia Arabia: October 26, 2017. Speaking at the Future Investment Initiative this week, DP World chairman and CEO Sultan Ahmed Bin Sulayem...
Written on 27/10/2017, 20:40
deutsche-post-dhl-delivers-unity-symbol-ahead-of-climate-conferenceBONN: October 26, 2017. As the official logistics partner for the UN Climate Change Conference (COP23) in Bonn next month, Deutsche Post DHL has shipped a...
Written on 26/10/2017, 19:41
change-of-chairs-at-tiacaMIAMI: October 26, 2017. The Board of the International Air Cargo Association has appointed Jan de Rijk Logistics CEO Sebastiaan Scholte its new chairman...
Written on 26/10/2017, 16:06
amazon-to-launch-keyless-home-deliverySEATTLE: October 25, 2017. Amazon will launch its 'Amazon Key' home delivery service for Prime members in 37 U.S. cities on November 08 at a one-time cost...
Written on 25/10/2017, 20:52
delta-introduces-a350-capacity-as-pharma-growth-continuesATLANTA: October 25, 2017. Delta Air Lines is to launch its A350-900 aircraft on flights from Detroit to Tokyo-Narita on October 30 followed by services...
Written on 20/10/2017, 20:31
cma-cgm-members-add-intra-asia-capacitySINGAPORE: October 20, 2017. CMA CGM Group subsidiaries APL and Cheng Lie Navigation (CNC) have launched a new Korea China Straits (KCS) box service...
Written on 19/10/2017, 21:13
britain-requires-new-aviation-strategy-with-or-without-brexitLONDON: October 18, 2017. The Manchester Airports Group (MAG), owner of Manchester, London Stansted and the airfreight-focused East Midlands Airport, has...
Written on 18/10/2017, 20:06
airlines-increase-support-for-endangered-speciesDOHA: October 18, 2017. Qatar Airways has joined Airlines for America, Delta, Emirates, IATA, Kenya Airways and United in the USAID Reducing Opportunities...
Written on 17/10/2017, 20:05
britain-should-remain-in-the-eu-says-oecdLONDON: October 17, 2017. In its latest survey of the UK economy the OECD says the positive impact on growth "would be significant should Britain remain...

- powered by Quickchilli.com -