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LOT loss narrows in 2011, targets EUR13m profit in 2012

16-Feb-2012 12:53 PM

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:

*Based on the conversion rate at EUR1 = PLN4.21026