LOT continues to reduce losses and increase passengers

Last year LOT Polish Airlines reduced its loss on basic operations to zl. 141.7 million from zl. 643.5 million in 2001, the company announced yesterday. "The 'effective improvement program', being implemented by LOT is expected to increase the firm's revenues and generate an additional zl. 28 million in 2003," claims a company report. Furthermore, this year LOT intends to increase the number of passengers by 7% on 2002. Year on year, the number of flights increased by 15.6% and 13.2% in January and February respectively. Some 3.4 million passengers used the carrier's services last year - 5% more than in 2001. (www.onet.pl) A.Z.