KLM considers one brand for low-cost operations

KLM said it was considering bringing its low-cost airlines, Buzz and Basiq Air, under one brand as it reported an increase in year-on-year fourth quarter losses.

Chief executive officer Leo van Wilk said that the company was looking at a number of initiatives for its budget carriers, including new routes and fleet replacements.

Van Wilk described the year as “difficult” as he reported a £34 million increase in operating losses on the same period last year to £77.5 million.

KLM said it would add capacity, but warned that future performance was unpredictable due to uncertainty over economic recovery and fuel prices.