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TAROM reported losses of 288.1 million lei in 2025, after recording a profit in 2024

Riana Gegiu

4 November 2026, 12:03

Current Affairs

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TAROM returned to losses in 2025, reporting a negative result of 288.1 million lei, after recording a net profit of 286.9 million lei in 2024. At the same time, the national carrier’s turnover fell by 10%.

The 2024 result was the company’s only profit during the 2011–2025 period. In each of the other 14 years, TAROM ended its financial year in the red, accumulating a total deficit of more than 2.7 billion lei.

The airline is almost entirely controlled by the Romanian state. The Ministry of Transport holds 98.27% of the shares, while smaller stakes are held by Bucharest Airports National Company, Romatsa and Longshield Investment Group.

Despite the financial situation, Transport Minister Ștefan-Ovidiu Popa said in October that TAROM would not be shut down and that the authorities wanted to preserve the company, which is considered a Romanian brand.

TAROM must revise its reorganisation plan approved by the European Commission in 2024. The authorities have until December 31, 2026, to present the European Commission with the plan concerning the carrier’s future. The minister announced that he would discuss the next steps with the company’s management.

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Context: TAROM has previously undergone commercial changes and held discussions about restructuring/financing, alongside fleet investments

Before the recent financial assessments, TAROM announced that it was suspending flights to Belgrade after 16 years of operating the route, and the withdrawal was also extended to the summer 2027 season in the sales system, without the reasons for the decision being disclosed.

Regarding strategy, the government program provided for competitive privatization and introduced a ban on new public aid for the company for the next 10 years, while maintaining essential air connections through competitively awarded public service contracts. At the same time, a procedure was also discussed for attracting a strategic investor in 2027, possibly with a minority or majority stake, conditional on the appointment of professional management and the demonstration of viability by the end of 2026, to protect approved state aid.

In parallel, the company also announced the integration of the first Boeing 737 MAX into its fleet, while the market also reacted to Wizz Air’s offer to take over TAROM’s domestic network, with the national airline describing the proposal as unrealistic.