TAROM reduced its losses in 2013
TAROM announces that it is on the wave and has managed to reduce the loss, but also on the loss ended the year 2013. I am waiting for the day when the first annual profit will be announced. Until then, TAROM needs a lot of fighting power in a dynamic and ever-changing market, increasingly crowded. I begin to no longer trust these figures, and that is because the State's roads are confused.
TAROM is proud of new routes announced in 2013, but how many of them are really profitable? The load on many of them is not satisfactory. Below you have the press release sent by TAROM!
TAROM ended 2013, from a financial point of view, with a loss reduction of 44% (RON 100 million), compared to 2012 and by 30% (RON 56 million) compared to the figure reported in the budget approved for 2013. also, for 2013 the net result, compared to the one estimated in the management plan (-143 million RON), was better by 9% (13 million RON).
The trend of the financial-accounting results of the TAROM company is an ascending one, this being reflected by the decrease of losses but also by the lack of outstanding debts to suppliers, creditors or to the state budget.
TAROM publicly announces the financial results for 2013, audited in accordance with the provisions of OMFP 3055/2009, with subsequent amendments:
2012 TOTAL RON 2013 TOTAL RON Total income 1.266.419.834 1. 273. 607. 174 Total expenses 1.497.037.354 1. 403. 774. 904 Net result -230.617.520 -130. 167. 730 Net turnover 1.048.339.557 1. 085. 210. 203
Although the global economic context remained pessimistic in the year 2013, through the changes made at the company management level, the financial results for the year 2013 have improved significantly compared to those of the year 2012.
Starting with the 2013 year, TAROM has added 10 destinations departing from Romania: Bucharest-Prague, Cluj-Prague (which will be giving up soon), Bucharest-Geneva, Bucharest Stockholm, Bucharest-Moscow, Iasi – Bologna, Iasi-Milan (Bergamo), Iasi - Turin and Iasi - Tel Aviv.