SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  
 

Form 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

of October 6, 2003
 
 

(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

03/75

TRAFFIC AND CAPACITY STATISTICS – SEPTEMBER 2003

Passenger Traffic

Passenger traffic was 4 percent below last year on 3 percent lower capacity. Passenger load factor in September decreased by 1 percentage point to 83.1 percent.

North Atlantic load factor increased by 3.3 percentage points to 89.6 percent. Traffic was 10 percent lower than last year, while capacity was trimmed by 12 percent, mainly on the Canadian destinations.

With traffic and capacity on the Asia/Pacific route area only 1 percent lower than last year, load factor was virtually stable at 89.4 percent. Volumes in the Asia / Pacific route area have recovered from SARS.

Passenger load factor on the Central and South Atlantic routes decreased by 4.3 percentage points to 73.9 percent. Traffic decreased by 9 percent, while capacity was 3 percent lower. The decrease in traffic is mainly the result of disappointing market demand on the Central Atlantic part of this route area.

Cargo Traffic

Cargo traffic increased by 4 percent year-on-year on 6 percent higher capacity. Cargo load factor decreased by 0.9 percentage points to 72.9 percent.

Traffic on the Asia Pacific routes was up 12 percent, slightly behind the capacity increase of 14 percent. As a result the cargo load factor on this route area decreased by 1.6 percentage points to 85.0 percent. The increase in capacity is mainly the result of additional frequencies following the introduction of the new 747-400ER freighters.

North Atlantic cargo traffic decreased by 3 percent, on flat capacity. Load factor decreased by 0.5 percentage points to 69.9 percent.

Amstelveen, October 3, 2003

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.