Airport, Latvia, Transport

International Internet Magazine. Baltic States news & analytics Thursday, 31.07.2014, 22:34

"airBaltic" to return to profitability in 2015 - Ronis

Gleb Vasiljev, BC, Riga, 13.07.2012.Print version
If "airBaltic" implements its business plan as expected, the airline could operate without losses in 2014 and return to profitability in 2015, Transport Minister Aivis Ronis told reporters after yesterday's meeting with the government.

"There are no doubts that the business plan will be implemented as previously planned. "airBaltic" will not operate with losses in 2014. According to the plan, the airline's return to profitability is expected in 2015," said the minister.

 Prime Minister Dombrovskis (Unity) in turn explained that, during yesterday's meeting, the government was informed about the implementation of "airBaltic" business plan and the airline's return to profitability.

 "The airline is moving toward restoring profitability in 2014," emphasized the prime minister.

In response to the Riga Airport's concerns that "airBaltic" restructuring is affecting the airport's figures, Dombrovskis informed that the plan envisages closing several unprofitable routes.

He also repeatedly stated that state funding is not envisaged for the airline's procurement of new planes, informs LETA






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