Latvia adopts the euro as of 1 January 2014. airBaltic introduced the euro five years ago to sell affordable tickets on its network spanning Europe, Scandinavia, Russia, the CIS and the Middle East.
Martin Gauss, Chief Executive Officer of airBaltic: "airBaltic was the first company in the Baltic region to switch to the euro, as a large part of our tickets and additional services are sold outside Latvia.”
airBaltic currently sells 40% of its tickets in countries of the Eurozone, and it will grow to 57% as of January. airBaltic serves over 30 countries with the largest individual markets being Latvia, Finland, Germany, Estonia, Russia, Italy, Sweden, Norway.
As announced recently, airBaltic has achieved a net profit of EUR +13.2 million in the third quarter of 2013. airBaltic has by far surpassed its original plans and turned around last year’s loss of EUR -26.72 million into a net profit of EUR +0.72 million in the nine months Jan-Sept 2013.
airBaltic serves 60 destinations from its home base in Riga, Latvia. airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East.
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 25 aircraft – five Boeing 737-500, eight Boeing 737-300 and twelve Bombardier Q400Next Gen. 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.