Mikosz: LOT to have over PLN 170 mln profit in 2015
15:56
CEO of the state-owned Polish airline, Sebastian Mikosz said in an interview with Dziennik Gazeta Prawna, that he expects the company’s next year’s profit to reach PLN 170 million, compared to PLN 71 million forecast for this year.
“Our plan is to have profit big enough that we won’t have to ask for additional state-aid, but I can’t say that our current forecasts allows us to say that we’ll get by without any help from the Treasury,” Mikosz said, adding that LOT won’t ask for the second tranche of state funds at least until June.
The company’s rescue plan is currently being reviewed by the European Commission. LOT received the first tranche of state aid in the amount of PLN 400 million in December 2012 and initially expected to receive the second tranche in August 2013 wort PLN 381 million. Mikosz said numerous times, that because the company’s financial situation is improving the second tranche won’t be that big.
/jc
