Poland: uncertain future for LOT airlines

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28 April 2009 à 08h06

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2 minutes

Publication: 28 April 2009 à 08h06

Reading time: 2 minutes

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Publication

28 April 2009 à 08h06

Reading time

2 minutes

Publication: 28 April 2009 à 08h06

Reading time: 2 minutes

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at the end of 2008, the national airline needs an emergency large-scale restructuring plan. Job cuts are inevitable: around 1,000 should be cut throughout the group. (Ref. 090462)

The financial situation of the national airline is a disaster: in trouble for years, it registered record losses in 2008 – almost PLN 700 million (around €153mn). Deficit widened in 2008, mostly because of failed transactions supposed to secure gas prices. Bad strategic choices, such as opening a new flight towards B

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