LOT Polish restructuring [and other armchair CEO comments]
#1
Original Poster
Join Date: Apr 2019
Posts: 968
LOT Polish restructuring [and other armchair CEO comments]
Just wondering, does anybody have any recent experience where LOT accepted to rebook passengers on another airline when your original LOT flights are cancelled.
LOT is the cheapest to my intended destination in July and has a great fare on Premium Economy. However, I find it unlikely that IST-WAW would be x2 daily during July.
LOT is the cheapest to my intended destination in July and has a great fare on Premium Economy. However, I find it unlikely that IST-WAW would be x2 daily during July.
Currently, it looks like LOT does not have the money to resume international flights (which is why the resumption has been postponed until July 1).
Last edited by oliver2002; Feb 2, 2024 at 5:09 am
#2
Join Date: Jul 2017
Programs: Miles & More, BA Executive Club
Posts: 750
Polish media currently speculate that LOT will file for bankruptcy and change the owner. Therefore, all refunds may be voided, and new bookings may be not honored.
Currently, it looks like LOT does not have the money to resume international flights (which is why the resumption has been postponed until July 1).
Currently, it looks like LOT does not have the money to resume international flights (which is why the resumption has been postponed until July 1).
#4
FlyerTalk Evangelist
Join Date: Oct 2008
Posts: 11,383
Basias pot of beans is empty. Bereft. Theres no money to rebook to OAL.
It seems its now all up to Comrade Kaczek raiding his mattress.
Thank goodness I never took the vouchers. Id imagine my entire value of tickets would be instantly liable to the U.K. credit card firms and Ill get every penny back.
It seems its now all up to Comrade Kaczek raiding his mattress.
Thank goodness I never took the vouchers. Id imagine my entire value of tickets would be instantly liable to the U.K. credit card firms and Ill get every penny back.
#5
Join Date: Jun 2008
Programs: TK*G (E+), IHG Plat Ambassador
Posts: 7,884
Unless they will behave (as good) as AZ who always honored previously issued tickets... But AZ has a lot of experience with bankruptcies
#6
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 47,979
Aerotelegraph picked up the news:
https://www.aerotelegraph.com/myster...olen-klont-lot
It seems PGL has created a new LOT clone and is looking for a AZ style rebirth to renogiate obligations and cut costs:
https://www.pasazer.com/news/44040/p...c,pll,lot.html
https://www.pasazer.com/news/44026/t...rlines,sa.html
https://www.aerotelegraph.com/myster...olen-klont-lot
It seems PGL has created a new LOT clone and is looking for a AZ style rebirth to renogiate obligations and cut costs:
https://www.pasazer.com/news/44040/p...c,pll,lot.html
https://www.pasazer.com/news/44026/t...rlines,sa.html
#10
FlyerTalk Evangelist
Join Date: Oct 2008
Posts: 11,383
Id be very surprised if the RP let pax lose their ticket values. No one gains from a brand where pax have no confidence. Compared to LH Group theyve had a pax friendly rebooking policy from the beginning of the Chinese flu crisis.
In any case, a bankruptcy would make it easier to chargeback.
In any case, a bankruptcy would make it easier to chargeback.
#11
formerly Sleepy_Sentry
Join Date: Jul 2011
Posts: 613
You might find yourself doing JFK -> WAW -> BUD or EWR -> WAW -> BUD.
I’d be very surprised if the RP let pax lose their ticket values. No one gains from a brand where pax have no confidence. Compared to LH Group they’ve had a pax friendly rebooking policy from the beginning of the Chinese flu crisis.
In any case, a bankruptcy would make it easier to chargeback.
In any case, a bankruptcy would make it easier to chargeback.
#13
Suspended
Join Date: Nov 2019
Location: The part of NC where we have electricity, paved roads, and high school diplomas.
Programs: AA Platinum
Posts: 3,132
I found this that was posted today, but it’s behind a paywall so I can’t see the details.
Gov't pledges to support LOT Polish Airlines
Gov't pledges to support LOT Polish Airlines
#14
Join Date: Dec 2016
Location: WAW
Programs: A3(*G), Marriott Platinum, Hilton Diamond, IHG Diamond Ambassador
Posts: 2,534
Employee morale has hit rock bottom and then kept going in the direction of the Earth's core. 30% of full-time employees have so far refused to switch to the new 'garbage contracts', which would see many of them on minimum wage levels. LOT is burning through all its capital - economic, social and political - but it's a safe bet that nothing drastic will be allowed to happen before June 28 (the date of the first round of the presidential election).
Everyone here can recite a myriad of problems with LOT. Problems which were longstanding even before COVID compounded them. The over-expansion of routes (driven by political tailwinds), the total reliance on Boeing for long-haul and all the attendant problems (787, MAX), the lack of any mid-range offerings or strategy, the hopeless website which actively discouraged bookings and the worthless app... the list goes on.
Everyone here can recite a myriad of problems with LOT. Problems which were longstanding even before COVID compounded them. The over-expansion of routes (driven by political tailwinds), the total reliance on Boeing for long-haul and all the attendant problems (787, MAX), the lack of any mid-range offerings or strategy, the hopeless website which actively discouraged bookings and the worthless app... the list goes on.
#15
Join Date: Dec 2016
Location: WAW
Programs: A3(*G), Marriott Platinum, Hilton Diamond, IHG Diamond Ambassador
Posts: 2,534
Swissair turned into SWISS. Olympic went through several iterations (including 'Olympic Aviation').
Maybe LOT can rechristen itself (LOT) Phoenix Airlines?
Maybe LOT can rechristen itself (LOT) Phoenix Airlines?