International Internet Magazine. Baltic States news & analytics
Sunday, 23.10.2016, 09:00
"airBaltic" to return to profitability in 2015 - Ronis
"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