16-Feb-2012 12:53 PM
LOT loss narrows in 2011, targets EUR13m profit in 2012
LOT Polish Airlines reported (15-Feb-2012) the following financial highlights for 2011:
- Costs:
- Fuel: EUR65.3 million, +30% year-on-year;
- Profit (loss): (EUR34.6 million), compared to a loss of EUR38.7 million in p-c-p;
- Scheduled passenger numbers: 4.4 million, +9%;
- Load factor: 74%;
- 2012 forecast:
- Profit: EUR12.5 million;
- Passenger numbers: +9%. [more - original PR]
*Based on the conversion rate at EUR1 = PLN4.21026