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Wednesday 21.08.2019 | Name days: Linda, Janīna
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Gauss: airBaltic losses range within 60 million LVL

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Martin Gauss

Financial results of airBaltic activities for this year will be quite bad. On the 13th of December airline executive director Martin Gauss told the press that according to their estimates, the company may suffer losses up to 60 million LVL.

According to him their turnover will remain on last year’s level.

Gauss refused to give any kind of prognosis, and only mentioned that they do not expect any profit. He also did not answer the question about the near future of the airline, specifically when airBaltic might return to being successful.

Concerning the change in passenger numbers, Gauss stated that the money they have at this time is enough to ensure no change in the airline’s passenger transit capabilities.

It has already been reported that in 2010 airBaltic turnover was 204.402 million LVL – by 11.6% more than last year. According to Lursoft, company’s losses last year were 35.9 million LVL.

Ref: 102.109.000.625


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