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6-Sep-2013 1:32 PM

airBaltic reports net profit in 2Q2013, ahead of schedule to become profitable in 2014

airBaltic revenue up 3% - financial highlights:

  • Three months ended 30-Jun-2013:
    • Revenue: LVL62.8 million (EUR89.6 million), +2.8% year-on-year;
    • Net profit: LVL1.0 million (EUR1.4 million), compared to a loss of LVL7.1 million (EUR10.1 million) in p-c-p;
    • Passenger numbers: 810,000, -1.2%;
    • Yield: LVL71.31 (EUR101.8), +5.4%;
    • Revenue per ASK: LVL 5.27 sants (EUR 7.5 cents), +3.5%;
  • Six months ended 30-Jun-2013:
    • Revenue: LVL107.3 million (EUR153.2 million), +2.4%;
    • Net profit (loss): (LVL8.8 million) (EUR12.5 million), compared to a loss of LVL23.6 million (EUR33.7 million) in p-c-p;
    • Passenger numbers: 1.3 million, -5.0%;
    • Yield: LVL71.38 (EUR101.9), +7.2%;
    • Revenue per SK: LVL 5.24 sants (EUR 7.5 cents), +5.4%. [more - original PR]

airBaltic: “As part of airBaltic ReShape we laid down a good track record of cost control, capacity management and efficiency gains, and with strong unit revenue and higher yields, we achieved a net profit of EUR +1.37 million in the second quarter, and an impressive improvement of the net result in the first six months of EUR +21.12 million compared to the same period a year ago. We are ahead of our schedule to become profitable in 2014," Martin Gauss, Chief Executive Officer. Source: Company statement, 05-Sep-2013.

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