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KLM CEO Elbers says airline sees some form of recovery in 2021

Reuters
·1-min read
Benjamin Smith, Chief Executive Officer of Air France-KLM, and Pieter Elbers, President and CEO of KLM attend a news conference to announce their 2018 annual results in Paris

AMSTERDAM (Reuters) - The chief executive of KLM, the Dutch arm of Air France-KLM <AIRF.PA>, said on Wednesday he expects "some form" of recovery in 2021, but the short term outlook for a recovery in passenger traffic remains weak amid the coronavirus pandemic.

"We expect some form of recovery, both on the European network side as well as the intercontinental side," Pieter Elbers said during a live-streamed interview with Centre for Aviation.

Elbers said the company is currently operating at 40-50% of capacity. On Oct. 30 parent Air France reported a third quarter loss of 1.05 bln euros

(Reporting by Toby Sterling, editing by Louise Heavens)