airBaltic Ahead of Plan in the First Quarter of 2013

Latvian airline airBaltic has improved its net result by LVL + 6.7 milllion in the first quarter of 2013, compared to the same period a year ago.

Martin Gauss, Chief Executive Officer of airBaltic: “After improving our consolidated net result by LVL +66 million in 2012, we were again able to beat our own plan.”

For the January to March period, airBaltic achieved +41% improvement of its net result, compared to the same period a year ago. airBaltic achieved +10% yield improvement in the first quarter of 2013 compared to the same period in 2012, and generated LVL 44.5 million in revenues. The unit revenue, or RASK – revenue per available seat kilometer, was improved by +8% in the January to March period, compared to the same period a year ago.

airBaltic operated 9,685 flights in the first quarter of 2013, or 9% less than in the first quarter of 2012 when airBaltic operated 10,637 flights. In March 2013, airBaltic operated 3,442 flights. The airline carried 534,879 passengers in the first three months of 2013 in its network spanning Europe, Scandinavia, Russia, CIS and the Middle East, but in March 2013 the airline carried 201,757 passengers. The airline’s load factor, which represents the number of passengers as a proportion of the number of available seats, in the first quarter of 2013 was at a level of 63%, while in March it stood at 69%.

The 15-minute flight punctuality indicator for airBaltic was at a level of 83.9% in the first quarter of 2013. This means that 83 of every 100 airBaltic flights in the first quarter of 2013 departed at the planned time or with a delay of no more than 15 minutes.

For summer 2013, airBaltic has introduced six new destinations - Prague (Czech Republic), Heviz-Balaton (Hungary), Olbia (Sardinia, Italy), Rijeka (Croatia), Larnaca (Cyprus), and Malta.

March ‘13

Number of flights

3,442

Number of passengers

201,757

Load Factor

69%

January - March ‘13

Number of flights

9,685

Number of passengers

534,879

Load Factor

63%

  

airBaltic in brief:  

AIR BALTIC CORPORATION (airBaltic) is a joint stock company that was established in 1995. The primary shareholder is Latvian state with 99.8% of stock. The airBaltic fleet consists of 26 aircraft – five Boeing 737-500, eight Boeing 737-300, five Fokker 50 airplanes and eight Bombardier Q400Next Gen. For summer 2013, airBaltic will temporarily operate B757-200 aircraft on high-demand routes. airBaltic offers nonstop flights from three Baltic capital cities – Riga, Vilnius, and Tallinn. airBaltic received the title of Airline of the Year 2009/2010 (Gold Award) from the European Regions Airline Association. airBaltic is the winner of Air Transport World Phoenix Award 2010 – a global recognition of excellence in restructuring business. airBaltic won a special Pacesetter Award 2010 from the Jury of the Budgies World Low Cost Airline Awards, recognising achievements of airBaltic as a hybrid airline. In 2012, airBaltic was ranked by Airlinetrends among the Top 10 airlines globally for innovations.

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