AirBaltic hopes to triple passenger turnover and revenue by 2025
Created on 05.04.2019 16:23
AirBaltic, the Latvian hybrid air carrier, plans to triple the number of passengers and revenue by 2025 if it succeeds in exercising an option for 30 single-aisle Airbus A220-300 aircrafts (formerly known as the Bombardier CSeries). By this time, the airline expects to increase passenger traffic to 15 million people and revenue - up to 1.5 billion euros, told airBaltic CEO Martin Gauss to Air Transport World.
Now, AirBaltic has an order for 50 A220-300 aircrafts and an option for another 30 such aircrafts. Gauss expects to transfer options to a firm order until the end of 2019. With the entire contract implementation, the Baltic operator fleet with A220 will reach 80 aircrafts. If the company receives only 50 aircrafts, the number of transported passengers should reach 8.8 million, and revenue - 790 million euros by 2025, noted the chief of the largest air carrier in the Baltic area.