Word: klm
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...almost 500 times, to $9,230,000. Air France has flown 16.3% more passengers so far this year than last, and its overall revenues are up 6.1%. Sweden's SAS moved from a $17 million deficit three years ago to a profit of $14 million last year. KLM Royal Dutch Airlines last month announced its first profitable quarter in five years-$4,000,000 in earnings for the April-June period. Rising on the New York Stock Exchange along with the buoyant stocks of U.S. airlines-which are also having an excellent year-KLM stock in the last...
...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...
...have done so far this year. While the Dow-Jones stocks rose only 2% during the first quarter, calculates Wright's Investors' Service, the 1,226 commonly traded issues on the New York Exchange jumped an average 8% each. Among the sharpest gainers, Admiral Corp. rose 58%, KLM Airlines 94%, Allied Products 137%. Wall Street's smaller, cheaper issues (average prices: $52 for all stocks on the Exchange v. $75 for the Dow-Jones blue chips) have been sent up by Main Street's small-money investors and other private traders. After being scared away...
...remain to the full resumption of Dutch-Indonesian trade because, as one Dutch businessman puts it, "You cannot pluck feathers from a frog." Yet the Dutch recognize Indonesia's great trade potential and seem determined to play as large a role in restoring trade as Sukarno will allow. KLM has resumed twice-weekly flights to Djakarta. Djakarta's once large Dutch community, depleted when 200,000 Dutch left Indonesia in 1958, is growing again. Dutch newspapers and candies have reappeared in major Indonesian cities, and Djakarta radio recently played the Dutch national anthem to emphasize that no hard...