Dear customer,

Over the past decade, airlines have demonstrated a high adaptability to changes in the marketplace. This capability is critical not only for the transportation sector, but also for the European economies as a whole, as aviation contributes 359 billion EUR to the European Union’s gross domestic product. If aviation were a nation in Europe, then its GDP would place it 10th among the EU’s 27 member states.

 

As turbulence in the euro zone continues and fuel prices remain high, airlines have to draw on their power to innovate and evolve for a more vibrant future business. We at airBaltic took a lead in this process by launching our ReShape business plan earlier this year. We are delighted that the plan has been a success and that we have consistently achieved better-than-planned results. We also achieved a net profit of 4.8 million LVL in the third quarter of 2012 and expect to close the year with a better result than our target.

At the same time, we are looking for more ways to innovate and improve what we do. airBaltic has launched a new project to operate Europe’s first green flights for turboprop aircraft. We will use our state-of-the-art Bombardier Q400 Next Gen. We will cooperate with our partners to establish satellite-based approaches to the Riga airport and thus practice greener flying. We will shorten the distances flown, improve flight trajectories to avoid residential areas and reduce people’s exposure to noise, as well as cut fuel consumption and emissions. The new green procedures that we have established with the Bombardier Q400 Next Gen turboprops will eventually be available to any carrier flying to Riga with the relevant aircraft equipment. The procedures will also be suitable for our brand new Bombardier CSeries jets, which we will introduce into service in 2015, and will provide further benefits for operations out of Riga, on top of their unmatched fuel efficiency.

And… did you know that back in 2002, Riga’s airport served around 500 000 passengers? Thanks to airBaltic, the volume of passenger traffic at the Riga airport has since grown tenfold: in 2012, it will have served about 5 million passengers.

Thank you for flying airBaltic,


Yours,
Martin Alexander Gauss