Airport, Financial Services, Good for Business, Latvia, Transport

Martin Gauss, Chief Executive Officer of airBaltic: “With airBaltic reaching a profit and having its annual report approved, now the Cabinet of Ministers will decide on the retention of the profits in the airline in accordance with the currently effective legislation.”

As reported earlier, 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, informed BC vice president of corporate communications at airBaltic Janis Vanags.

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