KLM cuts thousands of jobs, is that enough to survive in the airline market?

KLM plans to cut 5,000 jobs to ensure its survival amid ongoing profitability issues. The airline's president, Marjan Rintel, emphasizes the need for restructuring due to high operational costs and competition. Analysts note that KLM's profitability has lagged behind rivals like British Airways and Lufthansa. The company is also shifting 2,000 jobs to its parent company, Air France-KLM, and outsourcing some baggage handling. Future scenarios indicate that if cost-cutting measures fail, KLM may have to become a smaller entity within Air France-KLM, potentially leading to further downsizing. KLM's operational profit has significantly decreased compared to Air France, prompting calls for improved profitability.