“In the past few months, costs have risen 25 percent. I am talking about the gap between revenues and costs. We spent a lot on leasing, diesel prices have begun rising again, and spare parts prices also increased,” Carabulea told Business Standard.
Last year, the company’s turnover amounted to €96 million, 5-8 percent higher than in 2007, significantly below Carabulea’s estimates, due to high personnel expenses also. “We have many employees who go abroad, and they receive daily allowances in euros,” he said. The leu significantly depreciated against the euro recently.
However, Carabulea has ruled out laying off staff. “I need people, given that I cannot give up any route,” he said. He added that the company will not halt investments, but will focus on profitable areas.
Atlassib transports some 1,000 people daily by bus to Italy, Spain, Germany, Greece and France. Its main competitor is transportation company Eurolines.
