KLM Group profits nosedive

The KLM Group, which consists of the Dutch flag carrier, KLM Cityhopper, Transavia and Martinair, has reported an operating loss of €31m for the first half of 2024. This compared to a profit of €129m for the first six months of 2023. Revenues reached €6bn compared to €5.6bn in 2023. While revenues were higher, Marjan Rintel, the airline’s CEO, said the results “fell short of expectations due to significantly higher costs”. This increase in the airline’s spending has also been