LOT posts first net profit since 2008
22:50
Poland’s flagship carrier LOT had PLN 4 million in operating losses for 2013, the state-controlled airline’s CEO Sebastian Mikosz said at a press conference, Wednesday.
However, the airline’s net profit amounted to PLN 26 million in 2013. In the airline’s planned restructuring which was sent for review by the European Commission, the company forecast PLN 142 million in losses, with net losses at PLN 196 million.
“For the first time since 2008, LOT posted net profits,” Mikosz announced, adding that the 2013 figures have already been audited.
Mikosz told journalists that the company was “nearing” the moment when it would be making money on its primary operations.
“The result is also not affected by the agreement with Boeing for compensation for the period when the Dreamliners were not operational on long-distance flights,” Mikosz added.
Back in November, Mikosz had announced that he expected the company to finish 2013 with losses of around PLN 20 million.
