There is a real chance that KLM will receive extra support from the Dutch government.
The Hague previously paid around 800 million euros for shares in parent company Air France-KLM in order to better represent KLM's interests.
KLM has now received approximately EUR 1 billion in wage support and the government is at risk for EUR 3.4 billion in loans and credit.
KLM CEO Pieter Elbers is grateful, but cannot say where it will end.
"You can't add those amounts together", says Elbers when asked how much the sum of support from The Hague now amounts to.
"KLM employees are also taxpayers," he adds.
Of the 3.4 billion in support from the government in the form of a loan and guarantees, it has always been said that it would be repaid.
It now appears that part of it will be converted into a donation.
Elbers did not want to speculate about this immediately, in an explanation of the annual figures that were presented earlier today.
However, he did elaborate on possible demands that Brussels might impose on the provision of a direct form of state aid.
KLM would possibly have to give up slots, times at Schiphol for take-off or landing.
"Slots are very important, the strength of the network is destinations in combination with frequencies. We operate on very thin margins. In order to be able to repay loans, the earnings model must be maintained."
The CEO of KLM clearly expressed his frustration about the position KLM has ended up unwillingly and thanks to.
"It is very frustrating. We have worked hard for years to restore KLM to health. We were in very good shape before the COVID tsunami broke out."
The extent to which the government, and thus the taxpayer, contributes to keeping KLM up and running is, according to Elbers, "an economic and social consideration".
Parent company's debt amounted to 11 billion euros
He did not indicate how much support KLM would still need, but said that the company could still sing it out with the current package.
Of the 3.4 billion made available, 900 million euros has now been used.
Thanks to NOW support, KLM has remained able to keep the network running.
"The support has been incredibly important and we are very grateful for that. We are also getting through the crisis and we want to continue playing our role."
KLM recorded a loss of 1.2 billion euros over the past year.
Air France-KLM's debt increased by nearly 5 billion euros to 11 billion euros in the past year.