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AirBaltic continues financial progress in 3Q

Latvian flag-carrier AirBaltic (BT) has posted a third-quarter net profit of LVL4.8 million ($8.9 million) in the third quarter and anticipates ending the year with figures that will outstrip its estimates.

AirBaltic 737-500. By Rob Finlayson Latvian flag-carrier AirBaltic (BT) has posted a third-quarter net profit of LVL4.8 million ($8.9 million) in the third quarter and anticipates ending the year with figures that will outstrip its estimates. Earlier this year, BT estimated 2012 losses of LVL38 million and LVL16 million in 2013, with a return to profitability in 2014. In 2011, it made its biggest-ever loss, of around LVL70 million. BT did not give any estimate of how much its ...

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