KLM Royal Dutch Airlines 2020 AR2
The report highlights KLM's response to the unprecedented COVID-19 pandemic during 2020, which severely impacted its operations and financial performance. To weather the crisis, the company secured a EUR 3.4 billion State financial support package from the Dutch Government and a consortium of banks, conditional on restructuring and sustainability targets. KLM implemented a restructuring plan called 'Building Back Better' to reduce costs, resize its workforce by 5,000 employees, and accelerate sustainability initiatives. Despite the crisis, KLM successfully operated 65 repatriation flights, transporting 250,000 citizens, and established vital cargo air-bridges to distribute medical supplies globally.
Company: KLM Royal Dutch Airlines
Sector: Industrials
Country: Netherlands
Year: 2020
Type: AR2
Pages: 107
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KLM Royal Dutch Airlines
Annual Report
The report highlights KLM's response to the unprecedented COVID-19 pandemic during 2020, which severely impacted its operations and financial performance. To weather the crisis, the company secured a EUR 3.4 billion State financial support package from the Dutch Government and a consortium of banks, conditional on restructuring and sustainability targets. KLM implemented a restructuring plan called 'Building Back Better' to reduce costs, resize its workforce by 5,000 employees, and accelerate sustainability initiatives. Despite the crisis, KLM successfully operated 65 repatriation flights, transporting 250,000 citizens, and established vital cargo air-bridges to distribute medical supplies globally.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees