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"airBaltic" achieves fourfold decrease in losses in 2012

 RIGA, April 15 - National airline "airBaltic" managed to achieve a fourfold decrease in losses in 2012, Transport Minister Anrijs Matiss told "Nozare.lv".

The airline's losses were slightly above LVL 20 million last year, explained the minister.

2011 was not the best year for "airBaltic", when the airline's losses amounted to LVL 84 million. Initially, "airBaltic" losses were predicted at LVL 38 million in 2012. However, it has now become clear that the airline's losses will only slightly exceed LVL 20 million, pointed out Matiss.

It is a significant improvement. The situation continues to improve and the airline could conclude this year with close-to-zero losses, added the minister.
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