KLM pays 100 million euros towards costs at Malapensa

Article Abstract:

KLM Royal Dutch Airlines has paid the promised 100 million euros to Italian-based Alitalia. The payment is for the development of Malpensa Airport in Milan.

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KLM warns of slowdown after profits miss estimates

Article Abstract:

KLM Royal Dutch Airlines reported disappointing earnings for the year ending March 31, 2001. The carrier, which is warning of a slowdown in earnings, posted 77 million euros in yearly net profits, compared to 3 million euros in the fiscal year before.

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KLM's net fell 64% in first quarter

Article Abstract:

KLM Royal Dutch Airlines posted a decline of 64% in its net profits for the first-quarter of 1999. The figure did not include exceptional gains. KLM also said that it predicts its operating earnings for the entire 1999 year will be lower than 1998's figures. The carrier's earnings fell by approximately 77 million guilders (34.9 million euros) during the period.

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