Aviation news analysis
50 SKY SHADES - World aviation news

Record Profit for airBaltic

Download: Printable PDF Date: 12 May 2016 09:28 category:
Publisher:
Record Profit for airBaltic - Airlines publisher
Krista Kuznecova
Country: Latvia Aircraft: Airplanes Airline: Air Baltic

Latvian airline airBaltic achieved a net profit of EUR +19.5 million for the full year of 2015, significantly surpassing results a year earlier of EUR +10.7 million and ensuring sustained profitability for the company. 

Martin Gauss, Chief Executive Officer of airBaltic: “airBaltic has been profitable for three consecutive years. This is an excellent foundation to build on, as our Horizon2021 business plan takes full motion this year. ”

airBaltic’s business plan Horizon2021 gained a new momentum recently as the airline’s share capital was increased to EUR 256 million. This enables airBaltic to modernise its fleet and introduce 20 all-new Bombardier CS300 jets, with the first aircraft arriving later this year. Our all-Bombardier fleet will be instrumental in improving the connectivity of the Baltic region with Western Europe and the Eastern markets. As part of the Horizon 2021 plan, airBaltic will operate 11 direct routes out of Tallinn and Vilnius in the next five years, in combination with convenient transfers via Riga.

airBaltic serves over 60 destinations from its home base in Riga, Latvia. From every one of these locations, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, CIS and the Middle East. In addition, airBaltic also offers new direct flights from Tallinn and Vilnius.


 

 



Loading comments for Record Profit for airBaltic...


Recommended

airBaltic Carries 18% More Passengers During Summer

The Latvian airline airBaltic has transported 2 770 047 or 18% passengers more during the first eight months of 2018 than in the same period last year to its network spanning Europe, Sc...

Jet Aviation provides ground handling services in Yanbu, Kingdom of Saudi Arabia

Jet Aviation has received authorization from the General Authority of Civil Aviation (GACA) in Saudi Arabia to provide handling services at Prince Abdul Mohsin Bin Abdulaziz Regional Airport in Y...

Pilatus Hands Over the First PC-24 to Jetfly

Jetfly, a fractional ownership operator, took delivery of its first Super Versatile Jet during a handover ceremony on 17 September 2018. The PC-24 with serial number 111 is the first of four Super Ver...

IATA: Preparing for the new era of airline retailing

The International Air Transport Association (IATA) announced that the Airline Industry Retailing Symposium (AIRS), formerly part of the World Passenger Symposium (WPS), will focus on how changes in di...

At Least 5 Medium Size EU Airline Will Go Bankrupt in 2018-2019

Gediminas Ziemelis Between 2004 and 2015, the US airline industry saw 11 major air carriers merge into 4. This massive consolidation took place as a response to industry slowdowns and from the lack...