Latvia’s airBaltic’s passengers grew by 18% for the first ten months of 2018 according to a report from the airline. Overall, the airline carried some 3, 553 386 passengers across its network spanning Europe, Scandinavia, Russia, CIS, and the Middle East. In October 2018, 384,493 passengers or 21% more than last year traveled with airBaltic.
Martin Gauss, Chief Executive Officer of airBaltic: “Even though market conditions in the aviation industry have changed due rising fuel prices and US dollar exchange rate, we were able to continue our sustainable growth path. Airbus A220-300 fuel savings have reached 22%, providing excellent operational efficiency.”
“So far this year a total of six Airbus A220-300 aircraft have joined our fleet, adding the additional capacity we now see reflected in the growing traffic and revenue figures. By the end of 2019, we plan to have already 22 Airbus A220-300 aircraft on our fleet,” Martin Gauss added.
During the first ten months of 2018 airBaltic has operated 47 417 flights. In October 2018, the airline performed 5 123 flights, or 12% more than in the same period of 2017. The airline’s load factor, which represents the number of passengers as a proportion of the number of available seats, during first ten months of 2018 was at a level of 77%, but in October 2018 – 75%.
The 15-minute flight punctuality indicator for airBaltic during the first ten months of 2018 reached a level of 87%. This means that more than 87 out of every 100 airBaltic flights departed at the planned time or with a delay of no more than 15 minutes. In October, punctuality indicator reached 93%.
airBaltic in brief:
airBaltic (AIR BALTIC CORPORATION) is the world’s most punctual airline connecting the Baltic region with 70 destinations in Europe, the Middle East, and the CIS. airBaltic is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 80.05% of the stock, while Lars Thuesen holds around 20% through his fully-owned Aircraft Leasing 1 SIA. The airBaltic fleet consists of 36 aircraft – 13 Airbus A220-300s, 11 Boeing 737s and 12 Bombardier Q400Next Gen aircraft. airBaltic has received numerous international awards for excellence, innovative services, and achievements in reshaping its business. In 2017, the airline received the CAPA Regional Airline of the Year awards, while in 2018 airBaltic received the ATW Airline Industry Achievement Award as the Market Leader of the Year. airBaltic achieved the best on-time performance globally in 2014, 2015, 2016 and 2017.
