LOT Polish Airlines


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LOT Polish Airlines

  1. 1. LOT Polish Airlines Benedict Gombocz
  2. 2. Overview Overview • Flag carrier of Poland. • Founded in 1929 and one of the oldest airlines in the world still operating. • With a fleet of fifty-five aircraft, it operates a complex network to sixty destinations in Europe, the Middle East, North America, and Asia. • The majority of its destinations are served via its hub, Warsaw Chopin Airport. • The carrier began a transformation from a Soviet-controlled airline to a European flag carrier when communist rule in Poland fell in 1989. • LOT began a process of fleet restoration when it bought Western aircraft to replace old Soviet models. • With the first Boeing 767-300ER, LOT launched inter-continental services to Chicago, Newark, Toronto, and New York City. • These four primary routes have been some of the most common flights operated by LOT, in particular in the summer season when many Poles seek to return to their home country for vacation. • In the late 2000s, because of failing financials and decreases in market share, LOT underwent continuous supervision change. • The airline has found itself “nearly insolvent” after it put in orders for numerous Boeing 787 aircraft and taking delivery of two because of the January 2013 founding of the 787. Logo
  3. 3. Facts • Founded 1 January 1929 • Hubs Warsaw Chopin Airport • Frequent-flyer program Miles & More • Airport lounge Executive lounge • Alliance Star Alliance • Subsidiaries -LOT Charters -LOT Cargo • Fleet size 37 • Company slogan Naszym horyzontem jest przyszłość (The future is our horizon), Pierwsza europejska linia lotnicza na lot Boeing 787 Dreamliner (First European Airline to fly the Boeing 787 Dreamliner) • Parent company State Treasury of Poland • Headquarters Warsaw, Poland
  4. 4. Facts – cont. • Key people -Sebastian Mikosz (CEO) -David Garcia (CCO) -Ewa Kolowiecka (COO) -Maciej Dziudzik (CFO) • Revenue +PLN 3.306 billion (2012) • Net income -PLN -399.9 mio. (2012) • Profit +PLN -146.5 mio. (2012) • Website www.lot.com
  5. 5. Warsaw Chopin Airport
  6. 6. Corporate affairs LOT main office • The airline’s head office is in Warsaw. LOT main office,Warsaw
  7. 7. Privatization • The Government of Poland currently owns 68% of LOT shares. • Regionalny Fundusz Gospodarczy S.A. owns 25%, whereas LOT employees own 6.93%. • This denationalized LOT in 2011. • Despite advanced talks with Turkish Airlines, there was never an agreement; the failure to reach an agreement was mostly because of the failure of Turkish Airlines, as a non-EU airline, to purchase a majority of the airline, and LOT may be floated if they do not find a new purchaser. • In 2011, LOT lost 145.5 million złoty, in comparison to a 163.1 million złoty loss in 2010.
  8. 8. Subsidiaries • Eurolot, once an entirely owned subsidiary airline, founded on 1 July 1997. While the Polish Treasury currently has 62.1 percent, LOT retains 37.9 percent. It was nevertheless confirmed in July 2012 that LOT wants to sell the rest of its stake in Eurolot, as part of its denationalization scheme. • Centralwings, a low-cost subsidiary that operated between 2004-2009. • LOT Charters, entirely owned subsidiary that operates charter flights for Polish touroperators.
  9. 9. Awards • The high value of services and proficiency of LOT crews have been respected numerous times. • Business Travel World recognized LOT as the best airline in Central and Eastern Europe (in Business Class) in 2012. • LOT won the same award in consecutive years: 1997, 1998, and 1999. • LOT became a laureate of the “Business Traveler” award for the Best Eastern European Airline in 1998, after which it has won the same award every year. • Pasażer.com, Poland’s biggest air travel website, awarded LOT with the title of “Best Network in the year 2006” in 2007. • Additionally, in 2001, 2002, and 2009, LOT’s offer for business travelers has been awarded, with LOT winning the title of "Best Airline in Central and Eastern Europe" by OAG.
  10. 10. Codeshare agreements Codeshare agreements • LOT Polish Airlines, as of November 2012, has codeshare agreements with these airlines: • Adria Airways • Aeroflot • Air Canada • Air Serbia • All Nippon Airways • Asiana Airlines • Austrian Airlines • Belavia • Blue1 • Bulgaria Air • EgyptAir • Lufthansa Codeshare agreement – cont. • Luexair • Rossiya Airlines • Scandinavian Airlines • Singapore Airlines • Swiss International Air Lines • TAP Portugal • TAROM • Turkish Airlines • United Airlines
  11. 11. LOT Polish Airlines Embraer ERJ 170-200LR in Star Alliance livery
  12. 12. Aircraft naming • Some Boeing 767s were named after cities in Poland when LOT operated them. • Only five 767s that were ordered new from Boeing had names, whereas the used and short term leased aircraft did not. • When LOT Polish Airlines started manufacturing Boeing 787s and introduced the airline’s updated livery, the practice was discontinued.
  13. 13. Miles & More • The frequent-flyer programme of LOT, Miles & More, is used by a number of European airlines, such as Austrian Airlines, Adria Airways, Croatia Airways, Lufthansa, Luxair, Swiss International Air Lines, and Brussels Airlines. • On LOT flights and Star Alliance partner flights, and even through LOT credit cards, Miles & More members can receive miles and purchases made via the LOT Polish Airlines shops. • Miles flown in one calendar year with certain partners decides status within Miles & More. • Membership levels include the following: Basic (no minimal threshold), Frequent Traveler (Silver, 35,000 mile threshold), Senator (Gold, 100,000 mile threshold), and HON Circle (Black, 600,000 mile threshold spanning two calendar years). • Lounge access and exclusive bonus miles, with the higher levels providing more exclusive benefits, are offered by all non-basic Miles & More status levels.
  14. 14. Polonez Lounge • In collaboration with PPL (Polish State Airports), LOT operates the “Polonez” Business Lounge at Warsaw Chopin Airport. • Anyone with a business ticket for travel with LOT or any other member airline of Star Alliance (and those who are members of a Star Alliance “Gold” loyalty programme, like Miles & More Senator status, or the Polish State Airports authority’s “Good Start” programme) has access to the lounge. • As recently as 2010, the Polonez lounge undertook a major renovation and now claims that it can provide high-quality standards of service to those passengers who desire to use it. • Business conferencing facilities, internet access, work space, local, national, and foreign language media (newspaper and TV), and a new creation (individual access to an Apple iPad) are some examples of service provided to passengers. • Even though the Polonez lounge’s opening hours are currently managed with those of the LOT flight schedule, it has been said that these times are open for review at any time and might be changed in the future. • The lounge, found in Terminal A of Chopin Airport, one floor above the departures lounge (in the Schengen zone subsequent to security check), can be accessed by way of stairs and lift.
  15. 15. The End YouTube links: • LOT Polish Airlines new safety demo (English): https://www.youtube.com/watch?v=XExpOLhTYW4 • LOT Polish Airlines Documentary: https://www.youtube.com/watch?v=NzU3Jix7jSI LOT Polish Airlines Embraer ERJ 170-200LR