LOT aims for PLN 1 bln net profit in 2023

Polish Airlines LOT is aiming to achieve a net profit of over PLN 1 billion this year, according to Maciej Małecki, the Deputy Minister of State in the Ministry of State Assets. He assured that LOT's repayment of the public aid tranche is not in jeopardy and will not hinder the carrier's investments. Małecki mentioned that as long as Law and Justice (PiS) remains in power, the sale of LOT and the removal of the Polish crane from the sky is not an option.

The airline received around PLN 3 billion in financial support post-pandemic, including a PLN 1.8 billion loan from PFR. In 2022, LOT achieved a profit of PLN 113.7 million with revenues exceeding PLN 8.3 billion.

Source: 300gospodarka.pl