Dutch flag carrier KLM is allocating €170m of its record €910m 2017 net earnings to its 30,000 employees.
This is the third consecutive year that KLM has operated a profit-sharing scheme, online news service Nu.nl said on Wednesday. The improved profit-sharing scheme is part of the collective labour agreement agreed in 2015.
‘Many initiatives have been taken in recent years to make KLM once again a fit and healthy company and we are seeing this in our results,’ KLM president Pieter Elbers is quoted as saying. ‘All our employees have worked very hard in the past year and contributed to the recovery of KLM. I am very proud of what we have attained together.’
KLM carried a record 32.7 million passengers last year, a 7.5% increase over 2016. The operational margin rose to 8.8% from 6.9%, an increase of €229m.
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