05 April, 2019

airBaltic posts profit of €5.4 million

€5.4 Million profit posted for 2018

Photo airBaltic
Latvian airline airBaltic continued its growth in 2018 and achieved strong financial results. According to the financial results for 2018, 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 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,” Martin Gauss added.