airBaltic reports a rise in 2018 profit

Lauren Eldershaw
By Lauren Eldershaw April 2, 2019 14:56

airBaltic reports a rise in 2018 profit

Latvian airline has reported revenue of €400 million revenue for full year 2018, while the net income has grown by more than 40% compared to 2017, reaching €5.4 million.

Martin Gauss, Chief Executive Officer of airBaltic: “For the sixth year in a row we are showing a strong track record on profitability. With exceeding 400 million revenue and 4 million passengers, we are ready for future growth with our state-of-the-art Airbus A220 fleet.”

“airBaltic plays an important role in ensuring air connectivity to Latvia and the Baltics. According to a recent study by business strategy consultants Roland Berger, airBaltic contributed 2.5% to Latvia’s GDP in 2018 and supported close to 30 000 jobs. As the market leader in the Baltic region, we will continue expanding our market share by further improving connectivity between the Baltics and the rest of the world,” Gauss added.

Lauren Eldershaw
By Lauren Eldershaw April 2, 2019 14:56