SWOT/TOWS Analysis of KLM Royal Dutch Airlines

Studienarbeit aus dem Jahr 2023 im Fachbereich BWL - Unternehmensfrung, Management, Organisation, Note: 1.7, Buckinghamshire New University, Veranstaltung: Aviation Strategy and Financial Performance, Sprache: Deutsch, Abstract: In this essay, the KLM airline and its strategy to tackle these challenges will be analysed based on its 2022 annual report, which provides an overview of its strengths, weaknesses, opportunities, and threats. The overview will then be compared to the current strategy and may derive a new, better-fitting strategy. A conclusion follows it. The aviation industry has faced unprecedented challenges in the past few years, primarily due to the COVID-19 pandemic. The impact on the industry has been widespread, with airlines being forced to cut back on services, lay off staff, and restructure their operations. With over 100 years of operation, KLM Airlines has established a reputation for quality service and reliability. The airline has also demonstrated its commitment to sustainability and innovation by investing in new aircraft, taking care of its stakeholders, and targeting new customer groups. However, KLM has also faced several challenges, including intense competition, staff shortages, and uncertainties caused by COVID-19. The airline is working to overcome these challenges by exploring new opportunities, such as expanding into the low-cost carrier segment and supporting E.U. legislation to reduce emissions.