Tarom’s chief executive officer Christian Heinzmann said the company’s provisional financial results show Tarom has managed to reduce its estimated loss. He also said the airliner’s financial loss decreased by RON36 million in January through April 2013, compared to the same period a year ago.
The company reported loss of RON49 million in the first quarter of the year, 24% narrower than in the first quarter of 2012, and lower than the RON78 million loss the company expected.
In March this year, Tarom launched a voluntary layoff plan for its employees aiming to cut staff numbers by 10% by the end of the year.
The company’s management plan approved in March this year sees losses of RON143 million in 2013 and RON18 million in 2014. For 2015 and 2016, it forecasts profit of RON92 million and RON173 million, respectively.
Tarom last reported profit in 2007 and its losses amounted to RON830 million between 2008 and 2011. (EUR1=RON4.3428)