airBaltic reports 5 million euro profit for 2018

Latvian airline airBaltic continued its growth in 2018 and achieved strong financial results, according to the financial results for 2018 released April 2

For the first time in the company’s history airBaltic has achieved EUR 400 million revenue, while the net income has grown by more than 40% compared to 2017, reaching EUR 5.4 million.

Martin Gauss, Chief Executive Officer said: “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.”

Gauss said airBaltic's influence in the wider economy was even greater than its figures suggest, citing a recent study by business strategy consultants Roland Berger which suggested airBaltic contributed 2.5% to Latvia’s GDP in 2018 and supported close to 30 000 jobs, directly and indirectly.

airBaltic serves over 70 destinations from Riga, Tallinn and Vilnius.

 

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