Romanian state-owned airline Tarom wants to break even in 2011, after its 2010 budget provided for a EUR 4.6 million, according to a draft government decision by the Ministry of Transport. In 2009, Tarom projected around a EUR 176,000 profit, but the net result was actually around a EUR 21 million loss.

The company's projected revenue and expenses this year will be equal, at EUR 401 million. Last year, the airline's budget provided for EUR 387 million, with almost equal expenses.  Staff expenses are expected to drop by 10.9 percent, while the salary fund to shrink by 10.2 percent. The average monthly income per employee will decrease to RON 4,723 (around EUR 1,108) from RON 5,063 (around EUR 1,188), while the average number of employees will be reduced by 90, to 2,360.

Mediafax