LOT Polish Airlines Achieved Record Results in 2024
The Voice of Chandigarh News:
Last year, the national carrier reported an operating profit of PLN 805.7 million and a net profit of PLN 688.5 million. In 2024, LOT Polish Airlines carried 10.7 million passengers and ended the year with a fleet of 86 aircraft.
In 2024, LOT Polish Airlines recorded its second-highest financial result in recent decades, generating revenues of PLN 9.93 billion. The national carrier achieved a net profit of PLN 688.5 million and an operating profit (EBIT) of PLN 805.7 million. Despite increased market competition and lower ticket prices, the airline maintained an operating profit margin of 8.1%. This result was driven by active network management, maximisation of unit revenues, disciplined cost control, and effective utilisation of opportunities within the charter market, despite rising service costs. These strong financial results allowed LOT Polish Airlines to rebuild its equity to record levels – reaching PLN 1.142 billion at the end of 2024, compared to PLN -734.2 million at the end of 2021, and PLN 508.0 million at the end of 2019.
Last year, LOT Polish Airlines carried a record 10.7 million passengers – almost 0.7 million more than in 2019. This achievement was made possible by the addition of 11 new aircraft, including seven Boeing 737 MAX-8s, three Embraer 195 E-2s, and one first-generation Embraer 195. By the end of December, LOT Polish Airlines had expanded its fleet to 86 aircraft, the largest in the carrier’s history.
In 2024, the national carrier also strengthened its presence in the charter flight segment. By cooperating with major travel agencies and capitalising on market potential at Warsaw and regional airports, LOT Polish Airlines increased available seat kilometres (ASKm) for charter flights by 10.6%, from 3.9 billion in 2023 to 4.3 billion in 2024. The airline carried 1.3 million charter passengers in 2024, representing an 18.5% increase compared to 1.1 million in 2023. Additionally, the total number of charter flights rose by 16.4%, from 6,300 in 2023 to 7,300 in 2024.
LOT Polish Airlines is now larger and financially stronger. These are the foundations of our strategy, which we are consistently implementing. I’d like to thank the entire LOT Polish Airlines team and all our partners. Thanks to their hard work, LOT has become the airline of choice in our region, and it will soon become the main carrier at Europe’s most modern airport – the Central Communication Port (CPK).
Micha�