LOT Polish Airways was chosen for its return to revenue since 2016, following an prolonged interval of loss-making, whereas additionally resuming robust site visitors development. In 2019, it expects to hold 10 million passengers for the primary time, greater than twice its site visitors of simply 4 years in the past.
A restructuring programme began in 2012 made LOT far more aggressive and higher positioned to face robust low-cost competitors on brief haul routes in Poland. Whereas brief haul competitors is fierce, LOT is the main airline on routes inside Central Europe. Furthermore, it’s Central Europe’s solely long-haul operator of any significance, styling itself because the area’s favorite community airline.
CAPA Chairman Emeritus Peter Harbison stated: “Massive LCC airline competitors is powerful in Poland, however their concentrate on worth delicate brief/medium haul level to level markets leaves a spot for full-service airways following a hub technique that features long-haul locations. No different legacy airline in Central Europe is ready to fill this hole as successfully as LOT has been in a position to. This has not been as straightforward as it would sound, however LOT have pursued alternatives most successfully.”
LOT Polish Airways CEO, Rafał Milczarski stated: “As LOT Polish Airways, we’re proud to be honoured with the CAPA Airline Turnaround of the Yr Award. As this prestigious award goes to airways which have lately rotated by modern strategic modifications and profitable restructuring workouts, we’re delighted that our success has been so extremely recognised by our colleagues and companions from the trade. Regardless of challenges all of us face within the worldwide aviation market, LOT has been in a position to develop within the latest 4 years right into a trans-regional chief and the quickest creating airline in Europe. With greater than 100 routes now on our provide, we have now doubled the variety of passengers and, on the similar time, considerably decreased our local weather affect per passenger. That is all due to the unbelievable enthusiasm and professionalism of our Group, to whom this award needs to be credited within the first place.”