Tarom to halve losses
National airline operator Tarom is planning to cut losses down to $10m next year, considering this year's losses will stay below $20m, the company's general manager Rodica Odobescu said at the end of last week. "Tarom has had to dramatically cut losses lately and gave up the long-carrier flights it had been operating for some 30 years
National airline operator Tarom is planning to cut losses down to $10m next year, considering this year’s losses will stay below $20m, the company’s general manager Rodica Odobescu said at the end of last week. “Tarom has had to dramatically cut losses lately and gave up the long-carrier flights it had been operating for some 30 years. Next year will be even tougher for us and we will have to continue these measures, by downsizing operations and personnel,” Odobescu added. Tarom last year reported some $25m losses, which had dropped to $38m in 2001, from $62m in 2000. The company was supposed to cut losses down to $19.5m this year. ZF
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