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airBaltic – Company Profile

Overview

airBaltic, officially known as Air Baltic Corporation AS, is the national airline of Latvia. Established in 1995 and headquartered in Riga, it operates as a hybrid airline combining the service quality of traditional carriers with the efficiency of low-cost models. airBaltic connects the Baltic region with destinations across Europe, the Middle East, and Central Asia.

Company Details

Founded: 1995
Headquarters: Riga, Latvia
CEO: Martin Gauss (since 2011)
Ownership: 97.97% owned by the Latvian government
Employees: Approximately 2,500
Frequent Flyer Program: airBaltic Club

Financial Highlights (2023)

Annual Revenue: €668 million
Net Profit: €34 million
Passengers Carried: Over 4.5 million

Fleet Information

airBaltic operates a single-type fleet to ensure high efficiency and passenger comfort.

Aircraft Type: Airbus A220-300
Total Aircraft: 50 (with 40 more on order)
Average Fleet Age: 4.4 years
Seating Capacity: 145–149 seats

Route Network

airBaltic serves more than 100 destinations from its main hub in Riga, with secondary bases in Tallinn (Estonia), Vilnius (Lithuania), and Tampere (Finland).

Primary Focus:
- Major European cities (Berlin, Paris, Vienna, Zurich)
- Scandinavia (Stockholm, Oslo, Copenhagen)
- Select Middle Eastern and CIS destinations

Key Strengths & Strategy

Hybrid Model: Combines low-cost pricing with quality services
Efficient Hub System: Seamless transfers via Riga hub
Fleet Uniformity: One aircraft type for simplified maintenance and training
Innovation-Driven: Early adopter of satellite internet, biometric boarding, and digital payments including cryptocurrencies