Tag Archives: LOT

LOT Polish Airlines paints a MAX 8 in its Independence livery

Celebrating 100 Years of Polish Independence

LOT Polish Airlines will soon take delivery of its new Boeing 737-8 MAX 8 SP-LVD (msn 64069). The pictured SP-LVD is now painted in a special “100 Years of Polish Independence” livery. As previously reported, the aircraft mirrors a Boeing 787-9 Dreamliner (SP-LSC) (below) also painted in the same special livery. There are both English and Polish sides.

They airline made this announcement on social media:

We are celebrating the 100th anniversary of Poland’s independence. Two of our most modern aircraft, Boeing 787-9 Dreamliner and Boeing 737 MAX 8, have been given a unique red-and-white livery. This is how SP-LSC, Boeing 787-9 Dreamliner presents itself.

According to the Polish Cultural Institute:

“A hundred years ago Poland regained independence. In 1918, World War I was over and our country was free at last after 123 years of geo-political oblivion. In 2018, we are proud to join the Polish Government and Polish people around the world in commemorating the 100th anniversary of Poland becoming an independent European country.”

Poland regained its sovereignty on November 11, 1918.

Top and Bottom Copyright Photos (all others by LOT Polish Airlines): LOT-Polskie Linie Lotnicze Boeing 737-8 MAX 8 SP-LVD (msn 64069) (100 Years of Polish Independence) BFI (Joe G. Walker). Image: 942547.

LOT Polish aircraft slide show:

Celebrating 100 Years of Polish Independence

LOT Polish Airlines produces its first profit in seven years

LOT Polish Airlines (Warsaw) is back in the black, producing its first profit in seven years. The airline issued this statement:

LOT ended 2014 in the black. With more than PLN 99 million ($26 million) profit on its core business of flying, LOT earned 40 percent more than it planned. This is the company’s first profit in seven years.

LOT was supposed to end 2014 with PLN 70 million ($19 million) profit on its core business but it is almost 30 million ($8 million) above the Restructuring Plan assumptions and 103 million ($27 million) more than in 2013.

“The company is steadily improving its situation, stabilizing its financial condition and getting ready for rapid growth in the next year,” said Sebastian Mikosz, CEO, LOT Polish Airlines. “The positive result on the core business, which is a key indicator of our company’s health, is of utmost importance since it has been achieved regardless of the compensation measures required by the European Commission.”

“Because of the public aid received, we had to cut the number of flights by almost eight percent in 2014, compared to the previous year. Nevertheless, we carried two percent more passengers and increased the revenue in comparison with 2013, while keeping a similar cost level,” continued Mikosz.

The company owes its positive results to consistent changes and initiatives included in the Restructuring Plan. Most of them were added as early as in 2013, but 2014 was the first full year to have seen the results. LOT continues to modernize and expand its sales channels, including mobile solutions. The quality of service is gradually improving. New products are being added to address new passenger groups in the market.

The new philosophy of building a network has also paid off. LOT has increased its connecting capacities by as much as over 40 percent in its Warsaw hub. Such connecting options are among the reasons why LOT has become the first choice for a constantly growing number of passengers from Poland as well as the entire Eastern and Central Europe region.

2014 was also the first year to have seen the Dreamliner effect since it was only in the entire past year that all long-haul flights were operated exclusively with these aircraft. The Boeing 787 Dreamliner is not only popular among passengers but provides tangible benefits, such as fuel savings. LOT currently operates six Dreamliners on its schedule network, leases them to other airlines and operates long-haul charter flights in the winter season. An efficient use of the Dreamliner fleet is included in the Restructuring Plan.

“The results in 2014 show we can operate effectively in this very competitive market, and there is a place for such a carrier as LOT,” added Mikosz. “However, we have to remember that this is just the first step of transformation and more challenges are ahead. This year, we are bound to repeat the financial success, as it is our goal to achieve sustained profitability and to move from restructuring to a rapid growth of the company.”

LOT has also improved other indicators. The EBITDA — indicator of company performance which determines the cash flow generating ability — also improved. EBITDA in 2014, is PLN 291 million ($77 million), compared to 2013 PLN 156 million ($41 million) and 2012 a minus PLN 346 million ($91 million).

The normalized net profit, i.e. without one-offs and accounting effects, is also positive and amounts nearly to PLN 36 million ($9.5 million). Taking into account the one-offs and accounting effects, related to the increase of currency exchanging rates (mainly of the dollar), a minus appears at the net result at the level of 263.4 million ($70 million). This is only an artificial accounting record having no effect on the actual financial health of the company. It is because the relationship between LOT’s earnings and spending in foreign currencies is fairly in balance. Therefore, no currency is in fact exchanged, but only the amounts are booked in PLN according to the valid standards. The net profit in the previous year amounted to PLN 26 million ($7 million). The normalized net profit in 2013 was a minus 67 million ($18 million).

Owing to the consistent improvement of its financial condition, LOT postponed and considerably reduced by as much as two thirds, the money it received from the second state aid tranche. At the end of 2014, LOT received PLN 127 million ($34 million.). It should be emphasized that the amount of state aid has no effect on the result.

The company’s growth policy for 2016 is underway. It will be announced in the next few months new short- and long-haul destinations. LOT will start flying on those routes at the beginning of the next year when the Restructuring Plan is formally ended.

Copyright Photo: SPA/AirlinersGallery.com. The airline attributes the turnaround to its game changing six Boeing 787-8 Dreamliners and its restructuring program as the main reasons for the change in fortunes.

LOT Polish Airlines aircraft slide show: AG Airline Slide Show

AG Need a certain aircraft?

KISSaLOT – LOT Polish Airlines hangs mistletoe in the highest place in the world

LOT Polish Airlines KISSaLOT

LOT Polish Airlines (Warsaw) has kicked off the Christmas holidays with KISSaLOT. Mistletoe twigs have been hung in each of LOT’s aircraft–the highest place in the world–through January 6, 2015. It’s the airline’s way of bringing people together.

The tradition of kissing under the mistletoe has only recently come to Poland, though it’s been known by its ancestors for centuries. Suspended from the ceiling or over the door, mistletoe is supposed to bring love, harmony and happiness in the coming year to its inhabitants. According to tradition, feuds and disputes cease under the mistletoe; friendships are more durable and people who meet there are allowed to kiss.

LOT operates flights this winter season to more than 40 cities around the world, including New York, Chicago, Toronto, Beijing, and charter destinations such as Cancun, Bangkok, Colombo, Krabi, Ho Chi Minh City, La Romana, Santa Clara, Varadero, Durban and to Zanzibar.

Photo: LOT Polish Airlines.

LOT aircraft slide show:

Video: LOT Polish Airlines. According to the airline (translated from Polish): “On this occasion, at Warsaw Chopin Airport, be prepared for an extraordinary surprise.”

 

LOT Polish Airlines asks for more money from the Polish treasury

LOT Polish Airlines (Warsaw) has applied for additional state aid in the amount of over $115 million from the Polish treasury according to this report by Business New Europe citing treasury sources. The treasury has promised the citizens of Poland that this will be last bailout for the state airline. The treasury ministry must approve the request before it is sent to the European Commission in Brussels for the final approval.

There is also a report the airline will lease out out two of its new Boeing 787-8s.

LOT Polish will continue to shrink in size and go to smaller aircraft as the government continues its attempt to sell the loss-making carrier.

Read the full report: CLICK HERE

Copyright Photo: Ole Simon/AirlinersGallery.com. LOT Polish’ Embraer ERJ 170-200LR (ERJ 175) SP-LIN (msn 17000313) taxies at Paris (Orly).

LOT Polish Airlines: AG Slide Show

LOT Polish Airlines introduces the Boeing 787 to New York

LOT Polish Airlines (Warsaw) inaugurated its new Boeing 787-8 with nonstop service from New York’s JFK to Warsaw yesterday (June 1). LOT also made aviation history as the first Dreamliner flight from New York’s JFK Airport as well as the first trans-Atlantic passenger flight.

The flight from Warsaw arrives at JFK at 4:40 p.m. (1640).  The return flight from JFK departs at 6:25 p.m. (1825) and arrives the next day in Warsaw at 9:35 a.m. (0935). The flights were previously operated with Boeing 767s.

Originally LOT had scheduled the JFK launch of the Dreamliner on June 30, but decided to speed up the actual implementation.  The next Dreamliner launch will occur in Chicago (O’Hare) on June 5, followed by Toronto (Pearson) on June 7.  LOT, the first European carrier to operate the Dreamliner, has three out of the eight ordered in its fleet and is expecting delivery of the fourth aircraft at the end of June.

LOT’s Dreamliner has 18 seats in Elite Club (business class), 21 in Premium Club (premium economy) plus 213 seats in economy class.

In preparation for the Dreamliner flights, LOT implemented a new design inspired by traditional and famous symbols of Poland. These changes are reflected in the new aircraft interiors, inflight menus with its new selection of beverages, on-board equipment, toys for children and other amenities. The quality of service offered is an additional asset with specially trained Elite Fleet cabin crews, new comfortable classes of service — Elite Club and Premium Club — as well as the unique product on board the aircraft.

Copyright Photo: Marcelo F. De Biasi/AirlinersGallery.com. The historic first arrival at JFK is recorded. Boeing 787-8 Dreamliner SP-LRC (msn 35940) prepares to touch down at JFK.

LOT Polish Airlines: AG Slide Show

Video (in Polish):

 

LOT Polish Airlines to resume Boeing 787 operations on June 1

LOT Polish Airlines (Warsaw) has moved up its resumption of Boeing 787 services now to June 1. The flag carrier will resume 787 flights on this date between Warsaw and New York (JFK). The previous date of resumption was June 5.

LOT is also celebrating the 40th anniversary of the Warsaw-New York route.

Copyright Photo: Terry Wade/AirlinersGallery.com. Boeing 787-8 SP-LRA (msn 35938) prepares to land at London (Heathrow) before the grounding.

LOT Polish Airlines: AG Slide Show

Video:

Route Map:

LOT Polish 5:2013 Route Map

The European Commission approves the state aid to LOT Polish Airlines

LOT Polish Airlines (Warsaw) has received welcome news from the European Commission of the European Union. The EC was looking into the state aid the airline received last year. The commission stated the aid did fall into the guidelines for state aid and approved the loan from the government of Poland.

Read the full story from NASDAQ: CLICK HERE

Meanwhile the struggling carrier will relaunch Boeing 787-8 jet service on June 5 to Chicago (O’Hare) and  later, to New York (JFK), Toronto (Pearson) and Beijing.

Copyright Photo: Nick Dean/AirlinersGallery.com. A beautiful portrait of Boeing 787-8 SP-LRC (msn 35940) on a clear day at Paine Field near Everett.

LOT Polish Airlines: AG Slide Show

LOT Polish Airlines to resume Boeing 787 operations on June 5

LOT Polish Airlines (Warsaw) is planning to resume Boeing 787-8 service on June 5. The first route will be from Warsaw to Chicago (O’Hare).

Warsaw-Toronto (Pearson) will resume two days later with the grounded type.

Copyright Photo: Nick Dean. Boeing 787-8 N1791B became SP-LRC (msn 35940) on delivery.

LOT Polish Airlines: AG Slide Show

Boeing completes certification testing for the new 787 battery system

Boeing (Chicago) yesterday (April 5) completed a 787 certification demonstration flight on line number 86, a Boeing-owned production airplane built for LOT Polish Airlines (Warsaw). This flight marks the final certification test for the new battery system, completing the testing required by the U.S. Federal Aviation Administration (FAA).

The flight departed from Paine Field in Everett, Washington at 10:39 a.m. Pacific with a crew of 11 onboard, including two representatives from the FAA. The airplane flew for 1 hours and 49 minutes, landing back at Paine Field at 12:28 p.m. Pacific.

The crew reported that the certification demonstration plan was straightforward and the flight was uneventful. The purpose of the flight was to demonstrate that the new battery system performs as intended during normal and non-normal flight conditions.

Boeing will now gather and analyze the data and submit the required materials to the FAA. We expect to deliver all of the materials to the FAA in the coming days. Once we deliver the materials we stand ready to reply to additional requests and continue in dialog with the FAA to ensure we have met all of their expectations.

More information from Boeing on the battery fix: CLICK HERE

Copyright Photo: Nick Dean. Boeing 787-8 N1791B (SP-LRC) (msn 35940) is the battery test aircraft pictured in action at Paine Field near Everett.

LOT Polish Airlines: AG Slide Show

LOT Polish Airlines to wet lease an Airbus A330-200 from Hifly to replace its grounded Boeing 787-8s

LOT Polish Airlines (Warsaw) is wet leasing an Airbus A330-200 from Hifly (Lisbon) until at least the end of May to replace its grounded Boeing 787-8s according to Air Journal. The leased aircraft will be operated to New York (JFK) and Chicago (O’Hare).

LOT will also be asking Boeing for additional compensation for its grounded fleet.

Copyright Photo: Antony J. Best. LOT Polish Airlines Boeing 787-8 Dreamliner SP-LRA (msn 35938) prepares to land at London (Heathrow) when it was flying.

LOT Polish Airlines: AG Slide Show