Restructuring and savings policy reduce LOT losses

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WARSAW, Poland – Poland’s national carrier LOT says its net losses were down to 168 million zlotys ($41 million) in 2009, compared to a more than 700 million zlotys loss the previous year, thanks to restructuring and savings policy.

LOT said Thursday its passenger numbers were on the rise, despite a global overall drop in travelers. The carrier will open 10 new connections, including to Asia and Africa.

The 81-year-old LOT carried almost 4.6 million passengers last year and 900,000 in the first quarter of 2010, a 27 percent increase from the same time in 2009.