State-held Tarom, the biggest airline company, with 191million-euro sales last year, ended the first five months of thisyear in the red, although the number of passengers saw a 26% rise,according to company officials.
"Even though we cut the company's costs by 7-8% against lastyear, we ended the first five months in the red. The airline'sresults are dependent on the overall economy. We saw losses becauseof the dollar's appreciation (The bulk of the company's costs arein dollars) and because of the rise in the price of oil. If theprice of fuel continues to increase, the company will end this yearin the red, as well," said Ruxandra Brutaru, 29, the airline's CEO,without specifying what the operator's losses amounted to in thefirst five months of the year.
The airline estimated 21 million euros in losses for last year,with the data to be audited.
Tarom carried 1.7 million passengers last year, and this yearexpects to carry 2.1 million passengers on domestic and externalroutes, accounting for a 20% share of the airline market, accordingto company officials.
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