21-Nov-2012 4:27 PM

airBaltic on track for breakeven result in 2014, scaling back expenditure in 2013

airBaltic CEO Martin Gauss, in an interview with airliners.de, noted the current challenges in the European aviation sector, but said the carrier is still on track for a breakeven result in 2014. He said the carrier plans to scale back on expenditure in 2013, with only gentle growth. He noted the carrier is now renegotiating its aircraft leases, which are currently well above the prevailing market lease rates. The carrier has already achieved labour savings of around 15% he said. On network priorities, Mr Gauss said the carrier will remain focused on the Baltic market, adding its two strongest routes are to Moscow and St Petersburg. The Nordic market is also strong for the carrier. The carrier is also benefiting from its codeshare with airberlin to cover the German market.

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