KLM is to buy back 4.5 million of its shares, which were valued around the €7 ($7.5) mark each in February. The carrier says the plan represents "a favourable opportunity" at current price levels. KLM will use cash to buy the shares. KLM Cargo, meanwhile, is increasing its fuel surcharge from 10¢ to 15¢/kg in response to rising oil prices.

Source: Airline Business