TAROM cuts losses by 44 percent in 2013, to 130 million lei

The Romanian airline TAROM cut its losses by 44 percent in 2013, on a 2012 basis; the losses were 100 million below the previous year level, and 30 percent (56 million lei) below the approved budget for 2013. The net balance of TAROM in 2013 was 130.168 million lei, down from 230.618 million lei in 2012.A company release on Monday states a 2013 balance 9 percent above the estimate of the management plan estimate, which was 143 million lei in the red. ...

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