Riga International Airport
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- SJSC RIGA International Airport
10/1 RIGA Airport
- 3200m x 45m
- Airlines currently operating to this airport with scheduled services
LOT - Polish Airlines
Norwegian Air Shuttle
- Airlines currently operating to this airport via codeshare
- Air Canada
CSA Czech Airlines
KLM Royal Dutch Airlines
Rossiya - Russian Airlines
Riga International Airport serves the largest and capital city of Latvia, Riga. Riga International is the largest airport in the Baltic States and is a hub for airBaltic. The airport is served by over 15 passenger and cargo airlines which operate to destinations across the CIS and Europe.
Location of Riga International Airport, Latvia
Ground Handlers servicing Riga International Airport
308 total articles
14 total articles
Latvia’s national carrier airBaltic recently reported a narrowing of its net loss in 2012, with RASK up 15%. The carrier is just over a year into a five year profit improvement plan. It says that it is surpassing its original turnaround plans and is on track to achieve targeted profitability by 2014. Network restructuring, improved revenue management and the relative economic health of the Baltic region compared with other parts of Europe are providing tail winds.
With only modest capacity growth planned for 2013 and monthly profitability exceeding management’s plan for the first three months of the year, there may be potential for airBaltic to improve on its 2013 target of stable RASK and perhaps to reach a positive net result ahead of schedule.
Nevertheless, its unit costs are not as low as the LCCs with whom it increasingly competes and labour productivity lags peers. Its fleet modernisation programme should help to narrow the unit cost gap, but management will be hoping it can retain its current pricing power.
airBaltic’s restructuring plan fittingly dubbed 'ReShape' is in full swing now, but the loss-making Latvian national carrier is facing increasing competition from its northern counterpart Estonian Air, which is copying airBaltic’s model. The tactic is not surprising as Estonian Air’s president and CEO Tero Taskila was airBaltic’s former CCO and helped implement the carrier’s shift from point-to-point operator to a network airline based around feeding transfer traffic between Western Europe and markets in Eastern Europe, the Nordic region, Russia, the Commonwealth of Independent States (CIS) and the Middle East.
Ironically, airBaltic is currently moving away from a stringent focus on transfer traffic over its “North Hub Riga” at Riga International Airport to a more point-to-point approach as part of its drive to return to profitability and build a sustainable long-term business. Too much transfer traffic and a testing public dispute between the airline’s two main shareholders, which resulted in a decline in customer loyalty, brought airBaltic uncomfortably close to bankruptcy last year.
Latvia’s Riga International Airport (RIX) reported a profit of EUR705,000 in 1Q2011, compared with a loss of EUR21,150 in the previous corresponding period, in a report submitted to the governing body of the Ministry of Transport. The airport, a home to aggressive airBaltic, handled 939,630 passengers and 15,373 flight movements. But Ryanair, which has a significant presence could still move away.
Ryanair has been cancelling or suspending services at a wide range of airports across Europe, including in countries where it is growing. Is there any discernible strategy here or is it no more than coincidence, as a result of too many disagreements with airports? What future prospects are there for smaller airports when Ryanair decides to quit?
European carriers are becoming increasingly concerned by the Middle East airline threat on their core international businesses. CEOs from British Airways, Air France and Lufthansa have all voiced their opinions lately, as Middle East airlines continue to expand their global networks. But the European flag carriers are not standing idly by. Several are rapidly expanding their presence in the Middle East, to maintain and/or grow their share of this promising market. Emirates is the clear market leader, with a 21.0% share of capacity on Middle East-Europe routes. Qatar Airways is the second largest, with 8.7%, while Lufthansa, British Airways and Air France have just 5.6%, 3.5% and 2.7% shares, respectively.
Finnair has confirmed plans to increase its domestic and international feeder traffic network in cooperation with the UK’s LCC-cum-regional airline Flybe. Cooperation will be on various Finnish domestic routes including those to Tampere and Turku; also to Tallinn in Estonia. The cooperation will commence on 31-Oct-2010 using three “propeller-driven” aircraft (presumably Dash 8 Q400s) based at Helsinki Airport.
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