13-Sep-2012 11:28 AM

LOT Polish Airlines CEO optimistic about airline’s future despite expected losses

LOT Polish Airlines CEO Marcin Piróg said he is optimistic about airline’s future despite the airline now expecting to make a loss in FY2012. As reported by Warsaw Business Journal and Puls Biznesu, Mr Piróg said, “We probably won't be able to break even. The difficult situation in the European market and high oil prices hit us, especially in Q1. But contrary to European competitors, our results will be better than last year.” The airline expects to operate the most modern fleet with the lowest cost-per-unit among European airlines from Apr-2013.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More