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Old 01-14-2013, 07:23 PM   #1 (permalink)
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Arrow LOT Polish to dramatically downsize

Read today on ATW email...

LOT Polish Airlines plans to cut fleet, jobs

LOT Polish Airlines Boeing 787. By Kurt Hofmann

LOT Polish Airlines received a $127 million emergency government loan last month in a bid to continue operations. The Polish government, 93% majority owner, plans to reduce the size of the flag carrier, hoping to make the company profitable again.
A Wall Street Journal Europe report, which quoted a cabinet minister just days after the airline received the state loan, said it would shed more assets to keep operating. However, Poland Prime Minister Donald Tusk had said earlier the government would not try to save LOT at any price.
The financially troubled carrier plans to cut staff numbers by 30% and reduce its fleet from 40 to 25 aircraft, returning them to leasing companies.
A LOT management source in Warsaw told ATW: “I can’t say anything about the fact that LOT has to shrink, but the ministry of treasury will tell us what will happen. I expect an announcement in the next days.”
LOT’s passenger numbers fell 20% in the 2012 fourth quarter, leaving LOT with a year-end deficit of PLN200 million ($64.9 million). LOT lost about PLN145 million in 2011 and PLN163 million in 2010.
The Star Alliance member has been looking for potential investors for years without success.
LOT, which is the first European Boeing 787 customer, has taken delivery of the first of two of the type. The Dreamliner flies to Prague and will launch Warsaw-Chicago scheduled services Jan. 16. By the end of March, five 787s are expected to join the fleet.
LOT sales director Tomasz Dakowski told ATW last month the carrier will phase out its last three 737-400s and 767 aircraft. LOT’s final 767 flight will launch March 3.

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Old 01-15-2013, 06:21 AM   #2 (permalink)
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Default Re: LOT Polish to dramatically downsize

Yes, but you missed quite a bit!

LOT fleet phase-out:

Boeing B737-400: 5 -> to be phased out, LOT Charters to end operations in OCT 13 - replaced by E95 with less seats
Boeing B737-500: 3 -> phased out already
Boeing B767-300ER: 4 -> phased out in MAR 13 replaced by B788
Embraer E70: 10 -> phased out by the end of the year, routes will be taken over by EuroLOT

All 15 ATR-42/72 will be phased out - replaced by Q400

What they do is a fleet renewal programm which makes sense:

The more than 20 year old B737 classics and B767 get replaced by B788 and E75/E95. The B788 gives LO new oportunities ( more seats than in the B763 (243/252) and the E95 reduces the capacity on domestic routes a bit. (B734: 162 seats to 112 seats (E95)). LOT Charters will cease to exist as there is no demand for it right now. The E70 will be replaced by EuroLOT's Q400 and will shrink LOT's operations and problems. (E70: 70 seats to 78 seats in the Q400) EuroLOT's ATRs are also old and get renewed. LOT tries to sell their remaining 37,9% in EuroLOT, but the airline will operate more routes on behalf of LOT.

Fleet after phase out:

Embraer E75: 12
Embraer E95: 10
Boeing B787-800: 8

DHC-8-Q400: 14 + 6 options
Embraer E75: 1 operated for LOT, 2 for its owner: Polish government

Overall LO's fleet will be renewed and the capacity of the carrier will remain the same with state of the art aircraft. I hope that it'll be successful and that LO will be in good shape when the Eastern European states have survived the economic crisis there.

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Last edited by Thomas32125; 01-15-2013 at 06:28 AM.
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