i tend to think NOT at the present time.
LOT recorded in 1998 a 152.1 million (PLN) profit on operations and a 1.9 million (PLN) group profit. (typically .5 is the exchange to U.S. Dollar)
This is improvement from the previous two accouting years.
LOT transports domestic, European and international customers on their aircraft and codeshares.
LOT has begun climatizing itself as a more western functioning airline, western practices, product, accounting, aircraft, etc.
LOT provides both domestic traffic needs as mentioned and also charter.... the domestic load factor is around 52% and the charter market has grown significantly, but the numbers are still low.... allowing LOT to operate within it's own infrastructure but i think it would be hard for a non-polish company dropping in for charter traffic.
The Polish economy and dispossible household income is still very low and impracticle for the general public to travel....
i would though buy LOT stock at some point in time because i think that they are here to stay and with western thinking behind that big desk....