In 2009, Tarom posted a loss of RON234.69 million, according to the company data.
Losses registered by the airline following the eruption of a volcano in Iceland in April 2010 stood at EUR4.87 million, the company said in a press release Friday.
It said revenue rose 15% to RON1.287 billion in 2010, while expenses were up 20.8% to RON1.62 billion from RON1.34 billion a year earlier.
The company’s turnover climbed 13% to RON918.64 million from RON811.94 million in 200.
Tarom said its market share imporved to 22.4% last year from 19.7% in 2009.
Tarom carried 2.191 million passengers in 2010, up 23.6% compared to 2009 (1.771 million passengers). Passenger load factor stood at 62%, 6 percentage points more than in the previous year
The number of Tarom employees decreased by 118 to 2,368, which triggered a RON9.434 million cut in staff expenses. The company currently has 2,307 employees.
The airline plans to increase revenues this year by improving its revenue management system and freight handling services and implementing related services. It also wants to reduce its number of employees by 5% this year through voluntary redundancy.
The Romanian Government plans to sell 20% in Tarom either on the stock exchange or to a strategic investor by the end of 2011. It also pledged in negotiations with the International Monetary Fund to hire a private management team for Tarom by end-November.