Riga, 13.06.2008

	2006	2007	Change
Passengers	1.42 million	2.0 million	+41%
Cabin factor (occupied seats to total seats)	60.4%	63%
Turnover	LVL 115.9 million	LVL 159.43 million	+38%
Operational result (EBITDAR)	LVL 16.09 million	LVL 21.10 million	+31%
Pre-tax profit (EBT)	LVL 3.72 million	LVL 1.52 million	-59%
Net profit	LVL 4.06 million	LVL 1.24 million	-69%
Routes	53 (39 from Riga, 14 from Vilnius)	65 (43 from Riga, 19 from Vilnius, 3 from Liepaja)	+12
Employees	790	919	+16%

airBaltic president Bertolt Flick: “For the eighth year in a row, our company’s core operations have been profitable. airBaltic has struck a balance between growth and profitability. Last year airBaltic saw a stable and consistent improvement in major operating indicators – passenger numbers, turnover and operating profits. We continued to invest in the company’s development, launched new routes to CIS and regions of Scandinavia."

Major events for airBaltic in 2007:

• In February, airBaltic opened an office in St. Petersburg;
• In April the airline added four new Boeing 737 airplanes to its fleet;
• In May, airBaltic launched scheduled flights from Liepaja to Copenhagen and Hamburg;
• In June, the airBalticcard Mobile prepaid mobile calling card was introduced;
• In July, airBaltic introduced Internet check-in;
• In September, the first of several routes from Vilnius to the East was launched – Vilnius-Chisinau;
• In September, airBaltic started training Boeing 737 pilots at a simulator at its home base in Riga;
• In October, airBaltic introduced E-vouchers – the first prepaid tickets in the Baltic States and Northern Europe; these were sold through supermarkets;
• In November, airBaltic expanded in its home market by opening an office in Daugavpils;
• In December, airBaltic congratulated its two millionth passenger in Vilnius, celebrating the fact that this was the first year in which the number of passengers exceeded 2 million.

In addition to its existing routes, airBaltic is offering new routes during the 2008 summer season – to Venice, Nice, Aalesund, Billund, Sochi, Yerevan, Chisinau, Almaty,Kuopio and Ventspils. The airline also increased the number of flights to Berlin, Paris, Rome, Oulu, Vilnius, Tallinn, Tbilisi, Odessa, Liepaja and other destinations. Three new routes were launched from Vilnius for the 2008 summer season – to Paris, Simferopol and Odessa.

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