LOT with PLN 280 mln EBITDA in 2017

State-owned airline LOT had PLN 280 million profit from its core operations this year, company’s CEO Rafał Milczarski said. The result is nearly 100 million better than last year’s result. “LOT is fully capable of self-financing its development, does not need support and generates historically high profits - in 2017, recording more than PLN 280 million profit from core operations compared to PLN 46.5 million loss at the end of 2015,” Milczarski said. The carrier's 2016 net profit reached PLN 303 million, with core operations bringing in PLN 184 million profit. In 2017, LOT carried nearly 7 million passengers, a record-high number and hopes to reach 9 million this year.