Amsterdam, July 25: KLM, Europe’s number four airline, on Thursday reported a smaller-than-expected loss despite the painful effects of SARS and said it expected to break even at the operating level in the current fiscal year. The Dutch flag carrier said that while SARS would hurt its operations in the current quarter, the pressure on traffic from the recently contained deadly virus was easing. KLM posted a first-quarter operating loss of 66m euros ($75.3m) and a net loss of 54m, both slimmer than expected, but its sales dropped by a disappointing 16%.
Analysts had expected the airline to post a net loss of 75m euros. Bureau Report