Word: klm
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Dates: during 1960-1969
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...TIME refers to KLM as a heavily subsidized company. KLM has not received a single cent of subsidy since 1945. The Netherlands government owns 50.5% of the common stock; much of the balance is owned by American investors...
...increasing competition from TWA (17.7%) and BOAC (12.6%). During the traffic-heavy summer months, efficient, unsubsidized carriers like Pan Am and TWA can gross $27,000 on a typical flight, earn $15,000 per trip-an operating profit of 55%. Even such heavily subsidized national airlines as Alitalia and KLM, which spend lavishly for high-rent offices and other promotion, can earn about $7,000 per flight during the summer, though slower sales in winter put some of them...
...meeting in the place, rush out a daily precis to all the directors-many of them trekking about the world on business. For his tight ship, Warburg has recruited a highly diverse and individualistic crew, including former Reuters Correspondent Ian Fraser, former Ambassador to France Lord Gladwyn and former KLM President E. H. van der Beugel...
...almost all major carriers. To increase profit margins as well as loads, the airlines are streamlining operations. Computerized electronic reservations systems and automated baggage handling have enabled SAS to eliminate 2,700 employees from the payroll in three years. BOAC plans a staff reduction of 18% by 1967. KLM has not only cut back personnel but has also reduced its fleet from 85 planes to 40-and is doing more business than ever. Lufthansa is switching completely to Boeing planes, plans to add 21 short-haul 737s to its fleet of longer-range 707s and 727s. Reason: nearly...
...smoked-ham sandwiches on black pumpernickel. Alitalia bills itself as the "simpatico" airline: its stewardesses, though trained to wear makeup that looks made down, never quite conceal that tantalizing touch of Loren that they all seem to have. The newest wrinkle in service is the package tour that KLM and Belgium's Sabena (as well as the U.S.'s Pan American) will propose at the International Air Transport Association meeting in Bermuda this month. Under KLM's plan, a passenger will be able to fly from Amsterdam to New York, stay two weeks in a hotel (without...