In July 2012, Latvian airline airBaltic reported a profit, as summer travel peaks and airBaltic ReShape restructuring programme gathers pace.
Last month, airBaltic operated 4.520 flights, or 19% less than in July 2011 when airBaltic operated 5,590 flights.
The airline carried 322.430 passengers in July. During the first seven months of 2012, airBaltic transported a total of 1,732,920 passengers.
Martin Gauss, Chief Executive Officer of airBaltic: “We are delighted to see that airBaltic ReShape restructuring programme brings consistently better net results every month. We are very satisfied to achieve a net profit of LVL 1.4 million.”
The airline’s load factor, which represents the number of passengers as a proportion of the number of available seats, was stable high at a level of 80% in July 2012, compared to the same month a year ago. The airline’s load factor for the first seven months of 2012 was at a level of 73%, unchanged compared to the same period last year.
The 15-minute flight punctuality indicator for airBaltic was at a level of 89.5% in July 2012. This means that 89 of every 100 airBaltic flights in July departed at the planned time or with a delay of no more than 15 minutes.
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