Tarom estimates revenues of RON1.28 billion and total expenses of RON1.46 billion in 2013.
Last year, the company estimated losses of RON187.2 million. Its 2012 budget stated revenues of RON1.24 billion and total costs of RON1.43 billion.
Goods and services expenses for 2013 are estimated at RON1.02 billion, while staff costs are seen at RON194.3 million.
The company allotted RON103.6 million for investments this year.
On Monday, Tarom’s Executive Board approved the airline’s management plan, which states the company will return to profit only in 2015.
Tarom last reported profit in 2007 and its losses amounted to RON830 million between 2008 and 2011.
Belgian Christian Heinzmann was appointed chief executive officer at Tarom in November 2012 and the airline became the first state-owned company to have private management.
Tarom was set up in 1954 and is controlled by the Transport Ministry. (EUR1=RON4.3940)