LONDON – airBaltic has reported a quite successful 2018, seeing double-digit growth. The total number of passengers for 2018 was recorded as 4,135,711—a 17% increase compared to the 3,523,300 carried back in 2017.

The number of flights operated also increased by 12% to 56,261 from 50,093 in 2017.

Load factors decreased by 1%, however, to 75%, with 15-minute flight punctuality remaining at 88%, showing no significant variation.

Martin Gauss, the CEO of airBaltic commented on the strong results, “Our airline has a strong and efficient hybrid business model, loyal passengers and dedicated employees. In addition to our new aircraft, we were able to continue our sustainable growth and build the groundwork for future success.”

“In 2019, we will continue to grow, by adding at least six new routes and additional capacities on various other destinations. From Riga, we will launch flights to Dublin, Stuttgart and Lviv,” he said.

“We will continue to grow our presence also in Tallinn, by adding flights to Malaga, Brussels and Copenhagen,” Gauss noted.

In terms of results for December 2018, there was also significant growth year-on-year.

Passenger numbers rose 11% to 292,765 from 264,879 in the same period last year.

Number of flights also increased 13% to 4,470 from 3,951. Load factors were the only significant dip with it dropping 3% to 64% from 67%.

However, 15-minute flight punctuality indicator rose by 3% to 86% from 83% overall.

Thew new flights announced by Gauss will be a significant indicator to see whether passenger numbers will continue to rise or not.

He must remain confident that this is the case considering the level of growth he is implementing into the carrier.

With deliveries of its more fuel-efficient Airbus A220s, it will definitely contribute to savings as we wait for the full-year financials for the carrier.