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KLM ROYAL DUTCH AIRLINES

(KLMR)
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KLM Royal Dutch Airlines and Royal Philips Establish Special Cargo Air Bridge Between Amsterdam and China

04/10/2020 EDT

KLM Royal Dutch Airlines has now joined hands with Royal Philips and the Dutch government to create a special cargo air bridge between the Netherlands and China. In addition to these parties, many others are seeking additional capacity. The air bridge to Asia will be launched. To maintain this vital cargo air bridge for the coming six to eight weeks, KLM will specially redeploy Boeing 747 Combi equipment for the service between the Netherlands and China. This air bridge will ensure continuous availability of special cargo capacity, with two weekly flights to Beijing and three weekly flights to Shanghai. This will ensure around 250 tonnes of extra cargo capacity each way per week. The flights will supplement the current “skeleton schedule” that took effect on 29 March, with two weekly flights to Beijing and two weekly flights to Shanghai, operated with Boeing 787s and 777s. The KLM/Martinair Full Freighters will continue to be deployed on North Atlantic routes, which Philips will use as an air bridge between Amsterdam and distribution points in the United States. The Full Freighters will also continue to operate on South Atlantic routes and to destinations in Africa.


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Financials
Sales 2020 5 120 M 6 004 M 6 004 M
Net income 2020 -1 547 M -1 814 M -1 814 M
Net Debt 2020 3 924 M 4 601 M 4 601 M
P/E ratio 2020 -0,40x
Yield 2020 -
Capitalization 607 M 712 M 712 M
EV / Sales 2019 0,32x
EV / Sales 2020 0,87x
Nbr of Employees 27 833
Free-Float 98,9%
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KLM Royal Dutch Airlines Technical Analysis Chart | KLMR | US4825163094 | MarketScreener
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Managers and Directors
Pieter J. Th. Elbers President & Chief Executive Officer
Erik R. Swelheim Chief Financial Officer & Managing Director
Cees't C. Hart Chairman-Supervisory Board
RenÚ M. de Groot Chief Operating Officer & Managing Director
Fleur Pellerin Independent Member-Supervisory Board
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