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.


Related articles
Comment using your social media profile