# KLM earnings amid geopolitical pressures > Live situation record from CLSTR: https://clstr.news/situations/klm-earnings-amid-geopolitical-pressures > Updated: 2026-07-29T22:01:00.000Z. Sources: 15. Developments: 2. In late July 2026 KLM posted first‑half revenue of €6.9 billion, an 8 % year‑on‑year rise, and an operating result of €68 million. Higher yields on Asia and Americas routes, productivity gains and the planned introduction of an Airbus A350 were cited, but the airline warned that geopolitical uncertainty, volatile fuel prices and rising costs still weigh on its outlook. The same period saw Royal Schiphol Group lift H1 revenue 5.6 % to €1.33 billion and commercial profit 13.6 % to €142 million, though a €37 million temporary airline‑charge discount was recorded as a response to soaring fuel prices. Across the Dutch corporate sector, Corbion trimmed its 2026 adjusted EBITDA‑margin outlook to just above 16 % and flagged higher raw‑material, transport and energy costs linked to the Middle‑East war, while keeping a 3‑6 % revenue‑growth target. Sif cut its 2026 EBITDA target to €95 million after a North‑Sea project delay, with cash balances falling sharply. Both moves highlight the broader cost pressures affecting Dutch firms. Air France‑KLM announced an accounting change that extends the depreciation period for its A350, A320/A321neo and Boeing 787 fleet from 20 to 25 years, reducing depreciation expense by roughly €24 million for the period ending 30 June 2026. A later quarterly update confirmed an operating profit of €176 million, €3 million above the previous year, driven by an 85 % pass‑through of sharply higher kerosene prices to passengers, especially on long‑haul Asia routes. Reduced flight levels by rivals such as Qatar Airways and Emirates allowed KLM to raise fares, with demand from Asian and North‑American markets remaining strong. Within the Air France‑KLM group, total profit fell to €484 million, Transavia recorded a €35 million loss, and cargo revenue grew by more than a quarter as freight shifted from sea to air amid the regional conflict. ## Claims - Corbion expects a 2026 adjusted EBITDA margin of just over 16 %, down from roughly 17 %. (single source) - Corbion attributes higher raw‑material, transport and energy costs to the war in the Middle East. (single source) - Sif lowered its 2026 adjusted EBITDA target to €95 million, moving €40 million to 2027. (single source) - Sif's cash balance fell from €96 million at end‑2025 to €7.1 million by end‑June 2026. (single source) - KLM reported first‑half 2026 revenue of €6.9 billion, up 8 % YoY, and an operating result of €68 million. (single source) - KLM CEO said one good half‑year does not make the airline financially robust. (single source) - Royal Schiphol Group posted H1 revenue of €1.33 billion, up 5.6 %, with commercial division profit of €142 million, up 13.6 %. (single source) - Air France‑KLM extended the depreciation period for its A350, A320/A321neo and Boeing 787 fleets from 20 to 25 years, saving €24 million in depreciation costs to 30 June 2026. (single source) ## Timeline ### 2026-07-29: KLM boosts profit by shifting higher kerosene costs to passengers KLM's quarterly profit rose to €176 million as it passed higher kerosene costs to passengers on long‑haul routes, while group profit fell overall. 5 sources. https://clstr.news/cluster/klm-boosts-profit-by-shifting-higher-kerosene-costs-to-passengers ### 2026-07-29: Dutch firms revise 2026 outlooks amid war‑linked cost pressures Dutch companies Corbion, Sif, Air France‑KLM, KLM and Schiphol revised 2026 financial outlooks, citing war‑related cost pressures and project delays; earnings and revenue showed modest gains but firms stress a需 10 sources. https://clstr.news/cluster/dutch-airline-klm-and-airport-operator-schiphol-group-post-h1-earnings-gains --- Cite as: KLM earnings amid geopolitical pressures. CLSTR, https://clstr.news/situations/klm-earnings-amid-geopolitical-pressures