LOT narrows 2011 loss to $44.7 million; looks to profit in 2012
LOT Polish Airlines has posted a loss of PLN145.5 million ($44.7 million) for 2011, narrowed from a PLN163.1 million loss in 2010. LOT said the 2011 loss was mainly due to high fuel prices, lower fourth-quarter passenger traffic and a rapid increase in the dollar exchange rate at the end of the year...
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