Air Polonia affair spells hard landing for eCard

According to Parkiet sources, the airline's ticket sales were providing roughly 30% of all revenues. "I admit that Air Polonia was one of our main clients. The current situation means we are losing one of our major sources of income," said eCard's deputy president Ireneusz Kucharski. The repercussions could be painful for the company, which recorded revenues of zł.3.5 million and suffered zł.1.5 million losses at the end of H1 2004. At the same time eCard's own capital is in the negative, amounting to zł.2.8 million in the red. Despite this, the financial standing of the company has been improving recently and up to date eCard closed June and September in the black. "Our revenues are still unstable," said Kucharski. He went on to say that it will take 2-3 months to make up for the lost sales. (Parkiet, pp. 1, 9) M.M.