News » January, 2011 » 25 January 2011
Romanian State-Owned Airline Tarom Expects To Break Even In 2011
25.01.2011, 18:03 | Transportation | 812 views
Romanian state-owned airline Tarom wants to break even in 2011, after its 2010 budget provided for a 19.8 million lei (EUR1=RON4.2621) profit, according to a draft government decision by the Ministry of Transport. In 2009, Tarom projected a RON760,000 profit, but the net result was a RON90.99 million loss. The company's revenue and expenses this year will be equal, at RON1.71 billion. Last year, the airline's budget provided for RON1.65 billion in revenue and RON1.63 billion in expenses. Read more on Mediafax.ro
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