Tarom sinks to €80 million loss in 2010
Published: July 13, 2011
Romania’s Tarom incurred a net loss of €80 million ($ 113 million) in 2010, 41.6% worse than its 2009 deficit, Romanian media outlets reported. According to Bucharest’s The Diplomat , the SkyTeam member’s full-year revenue totaled €306 million.
Passengers carried heightened 23.6% year-over-year to nearly 2.2 million. CEO Gabriela Bordea told the newspaper the airline did not meet its revenue forecast because it was forced to keep fares low, owing to a lack of pricing power with passengers.
RO employs more than 2,300 workers and operates a fleet of three Boeing 737-800s, four 737-700s, four 737-300s, four Airbus A318s, one A310-300, seven ATR 42-500s and two ATR 72-500s.