Job cut concerns at Europe's established airline

KLM said it will cut about 1,000 positions and reorganize thousands of roles under a broad cost-reduction plan, even after reporting higher operating profit in the third quarter. The Dutch carrier, part of Air France-KLM, is targeting stronger profitability as high costs weigh on its operations. The restructuring matters because it signals that European airlines remain under margin pressure despite resilient travel demand. What to watch next is how the cuts are implemented and whether they draw pushback from unions and works councils.