KLM posts stable 2025 results but signals need for structural reform

KLM reported a 2025 operating profit of €416 million on revenues of €13.2 billion, up 3.9% year-on-year. The result reflects progress under its “Back on Track” improvement program, which exceeded its €450 million performance target through higher revenues, lower costs and improved productivity. Despite the stabilisation, profitability remains modest, with a 3.2% operating margin. Management […]