LOT Polish Airlines reportedly plans to cut around 12 routes which are unprofitable as part of the European Commission’s requirements to allow the Polish Government to provide financial aid to the carrier (Gazeta.pl, 11-Jun-2013). The airline reportedly plans to reduce its over number of services it operates each year by 25% with its 15 Embraer aircraft to be withdrawn from its fleet. Two of the airline’s six Boeing 787-8 aircraft which are to join the airline’s fleet by spring 2014 will be leased to other carriers. LOT’s workforce will also reportedly be reduced by 800 including flight crew and administrative staff. The airline has already laid off 300 of its 2100 staff. The measures are in an effort to return the airline to profitability in 2015, after which the Polish Government may privatise its stake in the carrier.
12-Jun-2013 10:03 AM