The Minister of Transport, Razvan Cuc, announced during a press conference that the new management of the national airline TAROM will cancel several non-performing flights, where the load factor was 25%, and planes were flying with only 10 passengers on board.
These are flights that were introduced without any profitability study, such as Sibiu-Stuttgart, Sibiu-Munchen, Timisoara-Chisinau, Timisoara-Stuttgart, Paris-Cluj, or Paris-Timisoara, the minister specified.
According to him, TAROM’s new management will have to urgently conduct an audit and cancel these flights.
The minister stated that, at the level of the entire TAROM company, the load factor in 2017 was 72%, and it is now 64%.
Cuc specified that poor management was the reason for changing TAROM’s leadership, pointing out that, in 2017, the company had losses of 172 million RON, of which 40% occurred only in the October-December period.
In 2018, the company recorded losses of 133 million RON, and this year, in the first two months, losses of 47 million RON have accumulated.
Werner Wolf announced on Thursday that he has ended his mandate as CEO of TAROM after one year and four months, a period in which he managed to reverse the downward trend the airline was on in 2017.
Florin Susanu was previously appointed as provisional CEO and accountable manager of Tarom, replacing Werner Wolf. Susanu previously held the position of provisional CEO of Tarom, with an initial mandate of one month, having been appointed to this position on August 21, 2017, following the resignation of Eugen Davidoiu.
Source: Profit
Frequently Asked Questions
Which TAROM flights are being cancelled?
Routes such as Sibiu-Stuttgart, Sibiu-Munchen, Timisoara-Chisinau, Timisoara-Stuttgart, Paris-Cluj, and Paris-Timisoara are targeted due to low occupancy.
Who is the new CEO of TAROM?
Florin Susanu has been appointed as the provisional CEO and accountable manager, replacing Werner Wolf.
What were TAROM’s financial losses in recent years?
TAROM recorded losses of 172 million RON in 2017 and 133 million RON in 2018, with further losses accumulating in early 2019.