National airline KLM is slashing around 5,000 jobs, almost 15% of its workforce, in a move the company says is necessary to survive. CEO Marjan Rintel announced in a press release on Thursday that without serious action the airline, which was founded in 1919 and is one of the oldest in the aviation industry, could fold. High fuel prices and global unrest are major factors in pressure the company is facing. KLM was effectively taken over by Air France in...
Wait until you hear what China’s big three airlines do. All three saw record half-year losses in 2026 already. Air China and China Eastern Airlines are heading for a seventh consecutive annual net loss since the COVID-19 pandemic. China Southern Airlines, which returned to the black in 2025 for the first time since 2019, is also set to slip back into the red.
Air China’s third-quarter net profit fell 92.6% from a year earlier to 270.6 million yuan ($40.62 million). China Eastern posted a net profit of 64 million yuan for the quarter, down 98.2% from 2025. China Southern swung to a third-quarter net loss of 609 million yuan from a net profit of 3.84 billion yuan last year.
Wait until you hear what China’s big three airlines do. All three saw record half-year losses in 2026 already. Air China and China Eastern Airlines are heading for a seventh consecutive annual net loss since the COVID-19 pandemic. China Southern Airlines, which returned to the black in 2025 for the first time since 2019, is also set to slip back into the red.
Air China’s third-quarter net profit fell 92.6% from a year earlier to 270.6 million yuan ($40.62 million). China Eastern posted a net profit of 64 million yuan for the quarter, down 98.2% from 2025. China Southern swung to a third-quarter net loss of 609 million yuan from a net profit of 3.84 billion yuan last year.