LOT sees costs and insurance premiums rise in the wake of terror attack

The terrorist attack on America and its economic aftermath have not left LOT Polish Airlines unscathed. On Saturday, after the US authorities reopened the country's air space to international air carriers, LOT resumed its transatlantic service. However, the increased security and changes to check-in regulations for passengers and their luggage will increase operating costs for LOT. In addition, insurance premiums are expected to rise. "Tuesday's terrorist attacks will undoubtedly have an effect on insurance costs for airlines. So if LOT wants to maintain its connections with the United Sates, it will have to pay more, for example for the civil liability of the carrier and for the passengers," explained Krzysztof Jarmuszczak, head of the Polish Reinsurance Association (PTR). LOT recorded a net loss of zl.285 million in the first seven months of this year. (Rzeczpospolita, p. B3) A.K.