AirBaltic reverses losses in 2013; reports €1 million profit

Credit: Rob Finlayson
Latvian airline airBaltic posted a €1 million ($1.38 million) net profit for 2013, reversed from a net loss of €27 million in 2012. The carrier said it achieved profitability one year ahead of its initial schedule. Revenue held steady at €325 million despite a 5% reduction in capacity year-over-year...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.