Aviation news analysis
50 SKY SHADES - World aviation news

Record Profit for airBaltic

Download: Printable PDF Date: 12 May 2016 08:28 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 Eleven Months of 2018

Latvian airline airBaltic has carried 3 842 952 or 18% more passengers during the first eleven months of 2018 than in the same period last year to its network spanning Europe, Scand...

Virgin Galactic’s Historic First Spaceflight

Virgin Galactic’s SpaceShipTwo, VSS Unity, landed from her maiden spaceflight to cheers from Richard Branson and the teams from Virgin Galactic and The Spaceship Company. History has been m...

Numerous humanitarian aid missions in 2018 accomplished with expertise and assistance of Air Partner

Air Partner’s Freight team have been extremely busy in 2018, delivering relief goods and humanitarian aid to those in need across the globe. Missions included flights between Europe and Libya, Y...

Russia's first self-takeoff glider weighing less than 115 kg began a series of test flights

In Russia, at one of the bases of the Federation of glider sport of Russia - Shchekino airfield near Moscow, the first test flight of an unparalleled in the world self-takeoff ultra-light glider (weig...

Emirates takes delivery of its last Boeing 777-300ER aircraft

Emirates celebrated an important fleet milestone with the delivery of the final Boeing 777-300ER aircraft on its order books. A6-EQP is the 190th Boeing 777 aircraft to be delivered to Emirates, the w...