Author: Janis Vanags
Source: Air Baltic Corporation
In July 2012, Latvian airline airBaltic reported a profit, as summer travel peaks and airBaltic ReShape restructuring programme gathers pace.
Martin Gauss, Chief Executive Officer of airBaltic: “We are delighted to see that airBaltic ReShape restructuring programme brings consistently better net results every month. We are very satisfied to achieve a net profit of LVL 1.4 million.”
In July 2012, airBaltic operated 4,520 flights, or 19% less than in July 2011 when airBaltic operated 5,590 flights.
The airline carried 322,430 passengers in July. During the first seven months of 2012, airBaltic transported a total of 1,732,920 passengers.
The airline’s load factor, which represents the number of passengers as a proportion of the number of available seats, was stable high at a level of 80% in July 2012, compared to the same month a year ago. The airline’s load factor for the first seven months of 2012 was at a level of 73%, unchanged compared to the same period last year.
The 15-minute flight punctuality indicator for airBaltic was at a level of 89.5% in July 2012. This means that 89 of every 100 airBaltic flights in July departed at the planned time or with a delay of no more than 15 minutes.
|
|
|
July ‘12 |
|
Number of flights |
|
4,520 |
|
Number of passengers |
|
322,430 |
|
Load Factor |
|
80% |
|
|
|
January - July ‘12 |
|
Number of flights |
|
28,270 |
|
Number of passengers |
|
1,732,920 |
|
Load Factor |
|
73% |
airBalticin 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 34 aircraft – six Boeing 737-500, eight Boeing 737-300, two Boeing 757-200, ten Fokker 50 airplanes and eight 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.
To publish this article please contact BalticTravelnews.eu editorial board
MOST POPULAR of WEEK
