The KLM Group posted an operating result of €341 million in the third quarter of 2025, a decrease of €54 million compared to the same period last year. Revenue grew slightly, but high costs and operational disruptions put pressure on results.
CEO Marjan Rintel said: “We have once again carried more passengers and our revenue has increased slightly. However, high costs and operational challenges continue to affect us. Back on Track is delivering results, but we are far from there. We need to stay sharp and make choices to get KLM structurally back on track and continue investing in our future.”
Over the first nine months, the operating result came to €339 million, down €26 million from 2024, with revenue rising 4% to €9.9 billion. The Back on Track improvement programme contributed over €300 million in savings and additional income and remains on schedule, but it has not yet offset rising labour and airport charges.
CFO Bas Brouns said: “The improvement programme is working; initiatives have been implemented across the company. We have successfully renegotiated contracts, operated more flights, and are using digital solutions more effectively. Without these improvements, our financial position would be significantly weaker. Nevertheless, we are still not earning enough to make the necessary investments in our customers, people, and operations to keep KLM competitive and future-proof. That is why we continue to look for additional improvements to strengthen our financial foundation.”
Within the group, Transavia saw a €29 million decline in operating profit, while Engineering & Maintenance delivered a positive contribution of €41 million. Cargo improved slightly thanks to greater stability despite operational challenges.
