Airport, EU – Baltic States, Good for Business, Latvia, Tourism, Transport

Martin Gauss. Press photo.

Martin Gauss, Chief Executive Officer of airBaltic: “The year 2013 will go down in airBaltic’s history as the one in which we proved that a turnaround is also possible in difficult years. We restructured airBaltic through the application of cost controls, capacity management, and efficiency gains, and we achieved an impressive net improvement of EUR +28 million on last year’s figures. We made this achievement a year ahead of the original schedule in our restructuring plan, which is the basis for our sustainable long term return to profitability.”

airBaltic achieved +5% better yields and +1% of unit revenue improvements over the twelve months of 2013 (RASK - revenue per available seat kilometre), when compared to the same period a year ago, and generated stable revenues of EUR 325 million, despite capacity reductions.

airBaltic serves sixty destinations from its home base in Riga, Latvia. airBaltic offers convenient connections via Riga to its network which spans Europe, Scandinavia, Russia, the CIS, and the Middle East. For summer 2014, airBaltic has introduced six new destinations - Burgas and Varna (Bulgaria), Palma de Mallorca (Spain), Bucharest (Romania), Gothenburg (Sweden),  and Aberdeen (Scotland, within the UK).

*consolidated result

** including passengers served by airBaltic’s subleased and wet-leased aircraft