Courtesy of WIkimedia Commons

LOT Polish Airlines narrowed its 2009 annual loss by zł.565 million to zł.168 million, reporting an operating loss of zł.335 million.

The airline lost zł.733 million in 2008 and is now regaining the market it previously lost to competitors, said president Sebastian Mikosz.

The company's results for the first quarter of 2010 confirm this, after the airline carried 896,000 passengers over the three-month period, 27 percent more than a year earlier.

The carrier reduced its first-quarter net loss to zł.60 million from zł.310 million, on sales of zł.559 million – down from zł.596 million a year earlier.

Revenue for the full year 2009 fell 5 percent from the previous year to zł.2.7 billion.

Source: Poland AM http://www.polandam.pl/