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Air Baltic Corporation AS (Latvia)

Main Activities: Air Transportation | Scheduled Passenger Air Transportation
Full name: Air Baltic Corporation AS Profile Updated: July 09, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

Air Baltic Corporation AS, located in Marupes pagasts, is a Latvian airline founded in 1995. The primary shareholder is the Latvian state, holding 97.97% of the stock, while the remaining 2.03% is held by other shareholders. AirBaltic operates as a hybrid airline, incorporating practices from both traditional network airlines and low-cost carriers. In 2008, the company transitioned from a point-to-point carrier to a network airline, establishing Riga as a connecting hub. AirBaltic offers low fare tickets for its extensive network across Europe, Scandinavia, CIS, and the Middle East. These prices are competitive not only with other airlines but also with alternative modes of transportation such as buses, cars, trains, or ferries. Customers have the option to book tickets for both direct and transfer flights.

Headquarters
Lidosta Riga, Tehnikas iela 3
Marupes pagasts; Rigas regions; Postal Code: LV-1053

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Website: http://www.airbaltic.lv

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
February 08, 1995
Key Executives
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Member of Management Board
Ownership Details
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96.14%
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3.86%
Subsidiaries
Baltic Airlines SIA
100%
Baltijas Kravu Centrs SIA
100%
Baltijas Kravu Centrs SIA
Company Performance
Financial values in the chart are available after Air Baltic Corporation AS report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.
Net sales revenue
34.06%
Total operating revenue
36.86%
Operating profit (EBIT)
1364.18%
EBITDA
132.46%
Net Profit (Loss) for the Period
N/A
Total assets
14.31%
Total equity
41.08%
Operating Profit Margin (ROS)
13.26%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
-0.19%
Cash Ratio
-0.1%

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