Saturday, 23 March, 2019

airBaltic posts best ever operational results in 2017

13 Apr 2018, 00:22 ( 11 Months ago)

DF Report
Press Release Photo.

The Latvian airline airBaltic in 2017 was able to significantly grow its operating earnings in 2017 ((known as EBIT) by 16.8 million euros, reaching a total of 20.2 million euros.

The EBIT Margin for the airline was 5.8%, said a press release, adding that at the same time, airBaltic improved its revenue by 22% to a figure of 347.7 million euros, and increased the number of passengers carried by 22%.

Net income increased by 3.4 million to 4.6 million euros when compared to the year before.

“Last year marks a record year for airBaltic being the clear number one airline in the Baltic region. We are ready to take the next step by developing and improving our route map and by adding more new, state-of- the-art Bombardier CS300 jet aircraft to our fleet,” Martin Gauss, Chief Executive Officer of airBaltic said.

“airBaltic plays an important role in ensuring air connectivity to Latvia. As a result, the impact of the

aviation industry on the Latvian economy has increased in comparison to the previous years. Our aim is

to continue securing our position as the market leader in the Baltic region by further improving

connections between the Baltic States and the rest of the world,” Gauss added.