airBaltic report turnaround with EUR14.5m net profit in 1H2014

airBaltic revenue down 8% - financial highlights for six months ended 30-Jun-2014:

• Revenue: EUR140.5 million, -8% year-on-year;
• Net profit: EUR14.5 million, compared to a loss of EUR12.5 million in p-c-p;
• Passenger numbers: 1.3 million, -7%;
• Revenue per ASK: EUR 7.26 cents, -3%;
• Yield: EUR99.23, -2.3%. [more - original PR]

airBaltic: "The geopolitical turbulence in the East creates a very challenging market environment for airBaltic, where we see our transfer passenger numbers going down. Despite this, we have achieved significant cost savings through capacity management, cost controls, and efficiency gains as we now enjoy the benefits of our modernised, more uniform fleet of two aircraft types," Martin Gauss, CEO. Source: Company statement, 27-Aug-2014.