LOT still in the woods, even though Boeing bolster books with payment agreement

LOT Polish Airlines, which is still under the microscope of the European Commission after the $127m government loan last December, looks to be pulling back from the brink with a projected operating loss of $6.6 million for this fiscal year from a projected $47 million loss earlier. The airline, although cutting costs rapidly, has still seen passenger numbers fall by 3% but this is due to deep rationalisation. The airline states that the 787 is starting to show its true worth and it is the “787 factor” that has allowed LOT to pull-back from the brink in the short term.