LOT riding high on excellent end of year results

According to representatives of the company, full year revenues on core operations will be up 7.7% to zł.2.99 billion, while profits are set to stand at zł.70-80 million, a great result compared to the zł.43 million loss in 2006. "The end of the year was outstandingly favorable for the firm. Adjustment of the flight grid and strict cost control brought higher profits on basic operations," said Piotr Siennicki, president of PLL LOT. The supervisory board today is likely to take a decision about purchasing 12 Embraer 170 planes with the first aircraft to be delivered in 2009. (Parkiet, p. 9; Puls Biznesu, p. 12; Rzeczpospolita, p. B3) M.M.