According to the 2013 management plan, Tarom should have returned into the black starting 2015.
However, the airline, which piled up losses of RON1.3 billion between 2009-2014 period, expects this year’s revenue to rise by 22%, to almost RON1.4 billion. In 2014, the company’s revenue rose by only 5%, to RON1.1 billion.
The situation of Tarom is an extremely delicate one, as the airline has been struggling to restructure itself for several years.
The company ended 2014 with an average number of 1,968 employees and for 2015 plans to increase headcount only to 1,996 employees. On the other hand, investment expenses will not fluctuate significantly in 2015, either, being set to amount to RON90 million, flat from 2014.
Instead, the company’s total debts are forecast to reach RON233 million this year, down almost 9% on the year.
Tarom in 2014 transported 2.3 million passengers, from 2.1 million a year before.
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 to the latest data available.
The state-owned company lost market share both to traditional players and low-cost carriers.
(English version by Catalina Apostoiu)