AIR TRANSPORT Tarom Budgets 7 Million Dollar Profit

Tarom, the largest airline on the Romanian market, has budgeted a 7 million Dollar (some 5.4 million Euro) gross profit, double against that of last year, with merely a 4% turnover growth. Tarom aims to reach business worth 300 million Dollars (approximately 230 million Euros) in 2007, having witnessed an estimated turnover of 290 million Dollars (approximately 224 million Euros) last year.

Tarom’s management announced new flights for the summer season, but admitted that some of the internal routes are unprofitable. Most of the flights however have a 70% occupancy rate, while tickets to London, Paris, Barcelona and Madrid are always entirely booked. The loss-making flights are the ones to the province of Moldova, but also Bucharest-Baia Mare and Bucharest-Satu Mare.