The Polish national carrier LOT is in danger of becoming a victim of the social revolution taking place in its home country. The enormous increase in Poles travelling abroad in recent years (thousands have taken foreign holidays and up to 2m now live and work outside Poland) has caused competition from budget airlines to cut into LOT's market. Both WizzAir and Ryanair operate from Poland with their customary low fares policy.
Such is the strain on LOT that the Polish government plans to sell its 68% interest in the operator later this year. This could take the form of an IPO or a sell off to another carrier. According the Zdzislaw Gawlik, deputy treasury minister, an IPO is "a foregone conclusion" in June or July.
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