Locked content LOT with PLN 260 mln EBIT at end-Q3

State-owned airline PLL LOT had over PLN 260 million EBIT at end-Q3, according to its CEO Rafał Milczarski, and hopes that it will surpass PLN 280 million at the end of the year. In the budget for this year, the company plans to earn PLN 175 million from its core activity, which last year amounted&#...

Locked content LOT eyes PLN 300 mln profit this year

State-owned airline LOT had over PLN 150 million profit from its core operations between January-June this year and hopes to have PLN 300 million profit for the whole year, company’s CEO Rafał Milczarski said. The carrier’s 2016 net profit reached PLN 303 million, with core operations bringing...

Locked content LOT delivers Polish hyperloop capsule to Los Angeles

Polish state-owned airline LOT delivered Polish build hyperloop capsule to Los Angeles for a global competition organized by SpaceX. The capsule was designed and built by students of Warsaw and Wrocław University of Technology who formed a Hyper Poland University Team and advanced to the finals. Ove...

Locked content LOT receives eighth, final Dreamliner

State-owned airline LOT received its eighth and final Boeing 787-8 Dreamliner plane. The plane landed on Saturday in Warsaw, flying straight from the Everett factory near Seattle in the United States. “The new plane will allow us to increase the frequency of flights to Seoul and Tokyo, and will also...

Locked content LOT joins AIRE

Polish, state-owned airline LOT has joined Brussels-based Airlines International Representation in Europe (AIRE) that will offer airlines a more effective representation, information and access to the European institutions. LOT joins Turkish Airlines, Ukraine International Airlines and the 16 member...

Locked content LOT can grow without an investor – CEO

Polish state-owned airline LOT is not looking for an investor at the moment, but rather for a partner, as the company is confident that it will be profitable. “A partner is the primary focus, an investor with a capital injection is the secondary focus. We have demonstrated and will continue to demon...

Locked content LOT gets first Boeing next gen 737 plane

Polish state-owned airline LOT received its first of the four ordered Boeing 737-800 Next Generation planes. The model, capable of carrying up to 186 passengers, is the largest narrow-body aircraft to date, and will begin his operations this month. The rest of the planes will arrive by end-June, and...

Locked content LOT is not looking for investors – CEO

State-owned airline LOT is not looking for investors, company’s CEO Rafał Milczarski said. But is interesting in working together with “interesting partners.” “When you look for investors it means that you’re in a difficult position, we’re not in such situation, so we’re not looking for help. But LO...

Locked content LOT to lease four bigger Dreamliner planes

Polish state-owned airline LOT will lease four new Boeing 787-9 Dreamliner planes, company’s CEO Rafał Milczarski said. The new machines can carry 294 passengers, 42 more than the 787-8 model currently used by LOT. LOT currently operates six Dreamliner machines, with two more being delivered t...

Locked content LOT to post a profit for 2016

State-owned Polish airlines LOT were profitable in 2016 and will post a PLN 200 million profit from its core activities, according to company’s press official Adrian Kubicki who cited the company’s unaudited financial data. “LOT estimates that the result on core activities will be close ...