One of the targets set by the private management of the state-owned company envisages the restructuring of the motley fleet, with the aim of boosting efficiency and axing costs.
“Tarom is considering several options related to the future structure of its fleet. So far, Tarom has made no decision about the future use of a certain type of aircraft,” Tarom officials told ZF.
Tarom’s fleet is made up of two Airbus 310-325 aircraft, four Airbus 318-111 aircraft, four Boeing 737-300 aircraft, four Boeing 737-700 aircraft, a Boeing 737-800 aircraft, seven ATR42-500 aircraft and two ATR 72-500 aircraft, according with the latest data available.
Last week, Gabriel Dumitrascu, president of Tarom managing board, told ZF Live Tarom has had no more profitable flights for several years and that it needed to restructure its fleet.
He specified Tarom ended 2014 with losses of below RON80 million and that the average load factor stands at 65%. To reach break-even, the company has to lift the load factor by 5-6%.
In 2015, the company transported 2.3 million passengers, from 2.1 million a year before, according with the company’s officials. The target included in the management plan was for Tarom to annually boost its number of passengers by 100,000 persons and reach 2.6 million passengers in 2016.
In other words, passenger traffic should have reached 2.4 million people in 2014.
The management plan specified losses of RON143 million in 2013, RON18 million in 2014, before the company turned to profit in 2015 and 2016.
In 2008-2012, Tarom piled up losses of EUR250 million and lost the leading position on the market. In 2013, the airline posted revenue of RON1 billion (EUR227 million) and losses of RON130 million (around EUR30 million), according with Finance Ministry data.
The state-owned company lost market share both to traditional players and low-cost carriers.
(English version by Catalina Apostoiu)