airBaltic – Regional Airline
Latvian airline A/S "Air Baltic Corporation" (airBaltic) was founded in 1995. The company's major shareholders are the Latvian State with 52.6% and SAS AB - 47.2%. Today airBaltic represents a blend of best practices taken from traditional airlines and low cost carriers. airBaltic operates in a strategic partnership with SAS that also includes extensive co-operation with SAS group members (Estonian Air, Blue 1 and others). | airBaltic has also established close co-operation with airlines that enhance airBaltic’s well-balanced network of West-bound and East-bound destinations. The flights are operated in code share with the following partners: SAS, Spanair, Austrian Airlines, Aeroflot, Rossiya, AeroSvit Airlines, Azerbaijan airlines AZAL, Belavia, Uzbekistan Airways, Georgian airways. airBaltic’s business model is based on both point-to-point service and transfer traffic. airBaltic also provides air cargo transportation services and is the official representative of Singapore Airlines in Latvia. | |  |
airBaltic is the first airline in the Baltic states to take advantage of "Open Sky" following EU – accession and start operation from another country. airBaltic operates direct flights from two of the capital cities in the Baltic States – Riga, Latvia and Vilnius, Lithuania. Thus airline offers the widest choice of connections and highest frequencies for the lowest prices in the market. airBaltic's aim is to continue growth and sustain high profitability. airBaltic's top priorities are – safety, punctuality and service. Simple and Accessible
The airline offers low-fare tickets to and from the Baltic countries. The prices are competitive not only with other airlines, but also with the prices of bus, car, train or ferry. One way tickets are available not only for direct but also for transfer flights via Copenhagen, Stockholm, Milan, Rome (Italian domestic) Barcelona (Spanish domestic flights), Helsinki (Finish domestic) and Istanbul (Turkish domestic). One-way ticket structure allows combining air travel with other means of transportation and gives customers wider options for travel schedule. Ticket pricing is demand driven. Ticket sales are made through airline's internet page as well as travel agencies. Ticket less travel is available on airBaltic direct flights.  | | Professional Personnel
The company employs over 1000 people, the majority of whom are directly involved in flight operations. Since March 1, 2002, Mr. Bertolt Flick is the company's President and CEO. Prior to this Mr. Flick has been a member of A/S Air Baltic Corporation Supervisory Board (1996 – 1999), but from 1999 till 2002 he was nominated Chairman of the Supervisory Board. Destinations
airBaltic operates direct flights from Riga, Latvia, (46 routes), Vilnius, Lithuania, (20 routes), Liepāja, Courland region of Latvia (3 routes), as well as direct flights between Kaliningrad and Copenhagen. From Riga airBaltic offers direct flights to to Ålesund, Almaty, Athens, Baku, Barcelona, Bergen, Berlin, Billund, Brussels, Copenhagen, Chisinau, Dublin, Dusseldorf, Gothenburg, Hamburg, Helsinki, Hurghada, Istanbul, Kaliningrad, Kiev, Kuopio, Liepaja, London, Milan, Minsk, Moscow, Munich, Nice, Odessa, Oslo, Paris, Rome, Simferopol, Sochi, Stavenger, St. Petersburg, Stockholm, Tallinn, Tashkent, Tbilisi, Tel Aviv, Venice, Vienna, Vilnius, Zurich, Yerevan. |
From VilniusairBaltic offers direct flights to Barcelona, Berlin, Brussels, Copenhagen, Dublin, Dusseldorf, Hamburg, Helsinki, Chisinau, London, Milan, Munich, Odessa, Oslo, Paris, Riga, Rome, Simferopol, Stockholm, Tallinn. From Liepaja, Courland region in Latvia, airBaltic offers direct flights to Copenhagen, Hamburg and Riga. airBaltic also operates direct flights between Kaliningrad and Copenhagen. Fleet
airBaltic fleet consists of 4 types of aircraft – two Boeing 757-200, ten 120-seater Boeing 737-500, three 149-seater Boeing 737-300 and eight 50-seater Fokker 50, in total - 23 aircraft. Key Figures | | 2005 | 2006 | Change | | Passengers | 1.04 m | 1.42 m | + 37% | | Cabin factor1 | 56.6% | 60.4% | + 6.7 %points | | Turnover | | | | | m LVL | 84.62 | 115.9 m LVL | + 36.5% | | m EUR | 120,40 | 164,91 | | | Operational result (EBITDAR) | | | | | m LVL | 9.7 | 16.09 | + 65% | | m EUR | 13,80 | 22,89 | | | Pre-tax profit (EBT) | | | | | m LVL | -1.32 | 3.72 | Improvement by 5.04 m LVL | | m EUR | -1,88 | 5,29 | | | Net profit | | | | | m LVL | - 1.140 | 4.305 | Improvement by 5.445 m LVL | | m EUR | - 1,62 | >6,13 | | | Routes | 39 (Riga-28, Vilnius–11) | 53 (Riga–39, Vilnius–14) | +14 | | Employees | 626 | 790 | + 164 |
1The number of passengers carried against the total number of available seats. |
