Bouw goes as profits fall at KLM prompts cost cutting

1997-05-28T00:00:00

KLM has launched a cost-reduction plan aimed at saving Dfl1 billion ($528 million) over the next three years. The move comes in the face of the Dutch airline announcing a 57% fall in net profits for 1996 and the resignation of chairman Pieter Bouw. In contrast, European rivals British Airways ...

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