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International Internet Magazine. Baltic States news & analytics Monday, 26.10.2020, 11:43

airBaltic plans to carry 1.5 mln passengers in 2020

BC, Riga, 15.10.2020.Print version
Latvian national airline airBaltic plans to carry about 1.5 million passengers in 2020, said the airline's CEO Martin Gauss in an interview with the Latvian public television today, informs LETA.

He said that the situation is changing every week, for example, last week was much better than the previous week.

In September, airBaltic conducted about 2,000 flights. "Every crisis ends at some point, and the airline has prepared for growth after the crisis," said Gauss.

At the same time, he said that the airline will need additional funds if the crisis lasts for long. "At present we say that we will not ask the government for more money. However, we have been affected seriously, and if the situation continues, some day we will need additional resources," he said.

Gauss also said that the airline continues refunding clients for cancelled flights. So far about EUR 80 million have been refunded.

As reported, as a result of the coronavirus crisis, the turnover of Latvia's airBaltic national carrier airBaltic shrank 63.6 percent in the first half of 2020 to EUR 78.713 million, while the group's loss expanded sevenfold to EUR 184.77 million. airBaltic turned over EUR 503.281 million in 2019, a 23.1 percent increase against 2018, and sustained a EUR 7.729 million loss in contrast to a profit made year before, the company's audited statement shows.

The Latvian state currently owns 96.14 percent in airBaltic, and a 3.86% stake in the airline belongs to Aircraft Leasing 1, a company owned by Danish businessman Lars Thuesen.

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