AirBaltic (stylized as airBaltic) (Riga) has also returned to the black. The Latvia carrier achieved a net profit of 1 million euro ($1.39 million) for the full year of 2013. AirBaltic has surpassed its original plans and has turned around the FY 2012 loss of EUR -27 million, converting it into a net profit of 1 million euro for 2013. AirBaltic has achieved profitability one year ahead of the initial schedule.

AirBaltic achieved 5% better yields and 1% of unit revenue improvements over the twelve months of 2013 (RASK – revenue per available seat kilometer), when compared to the same period a year ago, and generated stable revenues of EUR 325 million, despite capacity reductions.

AirBaltic serves sixty destinations from its home base in Riga, Latvia.

Copyright Photo: Rolf Wallner/AirlinersGallery.com. The Boeing 737s will be phased out and replaced reportedly by 2017 by the new Bombardier CS300s assuming the latter can unravel its testing and production issues. Boeing 737-522 YL-BBN (msn 26683) in the special “Official Carrier of Latvia Team for the Sochi 2014 Winter Olympics” taxies at Zurich.

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