Tarom missed the profit target for 2015

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The turbulences at management level through which Tarom passes, led to missing the target of becoming a profitable air operator in 2015.

According to Ministry of Public Finances (MFP), Romanian air carrier reported a turnover of EUR 256 million last year, slightly down from 2014, when the operator businesses were EUR 257.6 million.

The management plan, approved in 2013, under Christian Heinzmann leadership, shows that Tarom was going to record a profit of RON 92 million.

However, the company posted a net loss of EUR 6.17 million (RON 27.4 million) down from the reported 2014 loss of EUR 25 million, according to MFP data.

At the same time, the employees number was reduced from 1969 at end-2014 to 1,880 at the end of 2015. Tarom’s debts at the end of 2015 exceeded EUR 50 million, down from 2014.

Just last week, Transport Minister Dan Costescu has announced that Sorin Buse will be the deputy General Director of Tarom and will take over the prerogatives as company CEO until the selection of a new manager.

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