LOT Polish Airlines

LOT Polish Airlines
Polskie Linie Lotnicze LOT S.A.
IATA ICAO Call sign
LO LOT LOT[1]
Founded29 December 1928 (1928-12-29)[2]
Commenced operations1 January 1929 (1929-01-01)
HubsWarsaw–Chopin
Focus cities
Frequent-flyer programMiles & More
AllianceStar Alliance
Subsidiaries
Fleet size85
Destinations145[3]
Parent companyPolish Aviation Group
HeadquartersWarsaw, Poland
Key peopleMichał Fijoł (CEO)
RevenueIncrease US$1.86 billion (2022)[4]
Operating incomeIncrease US$72.3 million (2017)
Net incomeIncrease US$25.5 million (2022)[4]
ProfitIncrease US$93.8 million (2017)[5]
Total assetsIncrease US$1.39 billion (2017)[5]
Total equityIncrease US$104.4 million (2017)[5]
Employees2,683
Websitewww.lot.com

LOT Polish Airlines, legally incorporated as Polskie Linie Lotnicze LOT S.A. (Polish pronunciation: [lɔt], flight), is the flag carrier of Poland.[6] It is a founding member of IATA and remains one of the world's oldest airlines in operation.[2] With a fleet of 80 aircraft as of August 2024,[7] LOT Polish Airlines is the 18th largest operator in Europe, serving 105 domestic and international destinations across Europe, Asia and North America.[8] The airline was founded on 29 December 1928 by the Polish government during the Second Polish Republic as a self-governing limited liability corporation, taking over existing domestic airlines Aerolot (founded in 1922) and Aero (founded in 1925), and began operations on 1 January 1929.[2]

During the 1930s, LOT expanded its domestic and international routes, leading to a network spanning over 10,250 km by 1939. It also expanded its fleet, acquiring Douglas DC-2 and Lockheed Electra and various other aircraft. The airline moved its operations to the new Warsaw Okęcie Airport in 1934. However, the outbreak of World War II in 1939 led to the suspension of services and evacuation of most of LOT's aircraft. Post-war, LOT was reestablished in 1945 as a state enterprise, primarily operating Soviet-built aircraft due to Poland becoming a Soviet satellite state in 1948. Resuming both domestic and international flights, LOT operated a fleet consisting of Ilyushin Il-18, Ilyushin Il-62, Tupolev Tu-134, and Antonov An-24, among others, serving routes across Europe, the Middle East, and eventually launching transatlantic flights to North America in the early 1970s.

In the post-1989 era, following the fall of communism in Poland, LOT transitioned to Western aircraft, including the acquisition of Boeing 767 for long-haul routes. The airline joined the Star Alliance in 2003. In 2012, LOT became the first European operator of Boeing 787 Dreamliner.[9] In recent years, the airline faced a failed privatization attempt and a temporary suspension of operations due to the COVID-19 pandemic. Most of the destinations originate from its hub at Warsaw Chopin Airport.[10][11] Since 2018, LOT has maintained one long-haul route from Budapest Ferenc Liszt International Airport in Hungary where it operates regularly scheduled flights to Seoul all year round.

  1. ^ "JO 7340.2K – Contractions – Including Change 1" (PDF). Federal Aviation Administration. 20 April 2021. p. 3-1-66. Archived (PDF) from the original on 9 October 2022. Retrieved 20 April 2021.
  2. ^ a b c "History". lot.com. Retrieved 31 January 2018.
  3. ^ "LOT Polish Airlines on ch-aviation". ch-aviation. Retrieved 4 December 2023.
  4. ^ a b "LOT POLISH AIRLINES GENERATED A PROFIT OF PLN 113 MILLION IN 2022". lot.com.
  5. ^ a b c "Pasazer.com: Analiza wyników finansowych LOT-u za 2017 r." Pasazer.com.
  6. ^ "Behance". October 2010. Retrieved 6 November 2016.
  7. ^ "Najciekawsze fakty i liczby o LOT". lot.com (in Polish). Retrieved 5 February 2024.
  8. ^ "LOT Polish Airlines on ch-aviation". ch-aviation. Retrieved 5 February 2024.
  9. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  10. ^ "LOT Polish Airlines – Star Alliance". Retrieved 24 April 2015.
  11. ^ "LOT Polish Airlines Eyes Up-Gauge to 737 MAX and A320neo and Touts 787 Improvement". Airchive. Archived from the original on 5 April 2015. Retrieved 24 April 2015.

Developed by StudentB