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LOT LOT

LOT Records Profit for 2019

LOT closed 2019 with its operating profit showing profit on the carriage of passengers, amounting to PLN113,9 million. At the same time, the company managed to increase its revenues on sales to PLN7,37 billion, compared with PLN6,19 billion in the preceding year.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled PLN142,6 million in the previous year, while its earnings before interest and taxes (EBIT) amounted to PLN91,9 million.

In 2019 was the fourth consecutive year in which we generated profit and increased the scale of our activities, carrying a record number of 10 million passengers on board. This confirms that the profitable growth strategy, which we adopted in 2016, was correct.

In 2019, the greatest growth in the number of passengers compared with 2018 could be observed in the case of long-haul flights (growth by 30,4 percent). In the case of short- and medium-haul flights, there were 11,4 percent more passengers than in the preceding year, while in the case of domestic flights the growth amounted to 4,7 percent.

The year 2019 saw the launch of routes such as Warsaw-Miami, Warsaw-Delhi, Warsaw-Colombo and Budapest-Seoul, which resulted in the presence of more than 120 connections in the Polish carrier’s portfolio by the end of the year.