Miks peaks keegi ostma ettevõtte aktsiaid, mis (enamasti) teenib kahjumit?
"Vanaema"
Miks peaks keegi ostma ettevõtte aktsiaid, mis (enamasti) teenib kahjumit?
Räägitakse juba kasumist.
Meenub vana nali, kuidas miljardär saab miljonäriks? Tuleb osta lihtsalt lennufirma aktsiaid)
AirBaltic on ametlikult IPO teele asunud, valisid välja kaks nõustajat.
PR: airBaltic Hires STJ Advisors and Superia as IPO Financial Advisors
PR: airBaltic Hires STJ Advisors and Superia as IPO Financial Advisors
The Latvian national airline airBaltic announces that it has appointed STJ Advisors and Superia as its joint independent financial advisors for the contemplated initial public offering (IPO) of the company’s shares.
The role of the financial advisors involves independently reviewing, advising on and supervising the entire IPO process and its management, alongside guiding and supporting all stakeholders to achieve the best possible outcome.
Martin Gauss, President and CEO of airBaltic: “Assessing the potential road to IPO and taking into account both the cooperation offer and experience in the region, we are delighted to select STJ Advisors and Superia as our independent IPO advisors. The potential listing on the stock exchange is a significant step in the process of achieving a new level in airBaltic’s development. We are determined to deliver even more excellence and further strengthen airBaltic as the leading airline and brand of the Baltics.”
STJ Advisors is the leading independent Equity Capital Markets advisory firm with professionals based in all major world markets. STJ professionals have a track record of advising on more than 400 transactions worldwide, raising over €500 billion. STJ Advisors provides independent and specialist advice to shareholders and management teams to enhance positioning, optimize valuation and achieve successful results in ECM transactions for all stakeholders.
Superia is the leading Baltic dedicated financial advisory services firm with offices in Riga, Tallinn, and Vilnius.
airBaltic operates more than 100 routes from Riga, Tallinn, Vilnius and Tampere, offering connections to a wide range of destinations in the airline's route network in Europe, the Middle East, North Africa and Caucasus region. A complete schedule of airBaltic flights and tickets are available on the company's homepage at www.airbaltic.com
airBaltic in brief:
airBaltic (Air Baltic Corporation AS) is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 97.97% of the stock, while the rest of the shareholders hold 2.03%. airBaltic offers connections to more than 70 destinations in Europe, the Middle East, North Africa and Caucasus region. Over the last 27 years airBaltic has developed as a strong and internationally respected airline, which employs more than 2 300 employees. The airBaltic fleet consists of 44 Airbus A220-300 aircraft, making it one of the youngest fleets in Europe. The airline has received several international awards for excellence, innovative services and significant achievements. Skytrax has awarded airBaltic two years in a row as the best airline in its region. Additionally, in 2022, the International Air Transport Association (IATA) awarded airBaltic the Diversity and Inclusion Team Award. In 2023 the airline received the APEX Passenger Choice Award of Best Cabin Service in Europe.
Leedu võib osaleda Air Balticu IPO-s. IPO võib praeguse info kohaselt toimuda kusagil teises poolaastas või aasta lõpu poole.
LRT.lt: Lithuania considers buying shares in Latvia’s Air Baltic – minister
ERR: Eesti alles kujundab seisukohta Air Balticus osaluse soetamise kohta
LRT.lt: Lithuania considers buying shares in Latvia’s Air Baltic – minister
Lithuania is considering buying a stake in Latvia’s national airline Air Baltic, Transport Minister Marius Skuodis said on Tuesday.
“I have already had two conversations with the Latvian transport minister about the possibility of Lithuania acquiring a stake in Air Baltic,” Skuodis told reporters at Vilnius Airport.
“I believe the conditions in such a case should involve some of the planes being based here and rotating from Lithuania,” he added.
The possible terms of the deal are currently being discussed, according to the minister.
“As you know, Air Baltic is preparing for an initial public offering (IPO) at the end of this year, so we will see whether or not these initial discussions can take some concrete form,” Skuodis said.
ERR: Eesti alles kujundab seisukohta Air Balticus osaluse soetamise kohta
Läti valitsus otsustab lähiajal riigi lennufirma Air Baltic vähemusosaluse börsile viimise. Kui Leedu riik on juba alustanud läbirääkimisi osaluse omandamiseks lennufirmas, siis Eesti ootab enne ära täpsemad asjaolud.
Läti riiklik lennufirma Air Baltic on börsile minna plaaninud juba pikalt, kuid nende majandustulemused ei ole seda seni võimaldanud. Otsuse, kas nüüd ollakse valmis vähemusosalust erastama, teeb Läti valitsus lähiajal.
Kui Leedu teatas kohe huvist osalus Läti lennukompaniis omandada, siis Eesti pole oma otsust veel kujundanud.
"Ma tahaks kõigepealt näha, mida Läti pool müüb, mida tuuakse turule, mida otsustavad leedukad. /.../ Meie transpordiinimesed on täna ka Leedus, nii et eks me lähipäevadel, lähinädalatel saame juurde informatsiooni ja siis kujundame oma positsiooni," ütles kliimaminister Kristen Michal.
Seni on aga valitsus valinud teise tee. "Me paneme lisaraha lennujaama, et lennujaam saaks võimalikult palju võimalikult kvaliteetseid otseühendusi pidada. Meie lisaraha läheb praegustel lähiaastatel lennujaama," ütles Michal.
Džiisus F Kraist.
Lennufirma osalus? Kus veel raja põletada? Äkki vaataks neid õnnetuid põhjamaid mis nüüd lõpuks said SASi aastakümneid kestnud kräpist vabaks (va Taani).
Lennufirma osalus? Kus veel raja põletada? Äkki vaataks neid õnnetuid põhjamaid mis nüüd lõpuks said SASi aastakümneid kestnud kräpist vabaks (va Taani).
Ega kaks ilma kolmandata ei jää. Tüübid võiks kurat ühe talve koolis käia selmet maksumaksja päris rahaga mängida. Varasemast on ju selge, et ega midagi ei õpita. Ainus upside sellest avantüürist oleks see, et mõni muidu töötuks jäämist kartev poliitik saaks äkki kõrgepalgalisele nõukogu kohale ja saaks ennast tähtsana tunda.
"Cynic"
Ega kaks ilma kolmandata ei jää. Tüübid võiks kurat ühe talve koolis käia selmet maksumaksja päris rahaga mängida. Varasemast on ju selge, et ega midagi ei õpita. Ainus upside sellest avantüürist oleks see, et mõni muidu töötuks jäämist kartev poliitik saaks äkki kõrgepalgalisele nõukogu kohale ja saaks ennast tähtsana tunda.
Estonian Airi ja Nordica edulugusid asekantslerina kureerinud kodanik Ahti Kuningas sai ju tulemuspalgaks ametikõrgendust: nimetatud lennundusspetsialist on täna MKM kantsler. Miks siis mitte edasi teha, kui nii hästi välja tuleb?
Valjult väljaöeldud mõte, et osalus AB's annab võimaluse paremateks ühendustest... ikka päris jabur ja isegi piinlik. Mis asjalikke ühendusi on Nordicaga, kuigu hoobasid juskui oleks. AB suunamine läbi väikeosaluse ja/või läbi aktsionäride lepingu on asjatu unelm. Arve esitatakse jälle meile. Ehk on seekord poliitikutel ka majandusinimesi kõrvale võtta, enne kui otsus tehakse.
AB pingutab päris kõvasti, mis positiivne, Eestist on otse lennud ja hinnad hetkel mõistlikumas kui konkurentidel, kui võtta näiteks Las Palmase ots, eks saab näha, kuidas lennukid ja teenindus, võrreldes teistega.
Võib-olla tõlkimise või tõlgendamise küsimus, aga "considers buying..." ja "kujundab seisukohta" on minu jaoks üsna samatähenduslikud. Kummalgi juhul ei ole otsust tehtud või ei anta märku, et midagi kindlasti juhtub, vaid kuulatakse maad ja uuritakse tingimusi, aga kuidagi on suudetud jätta mulje nagu leedukad oleks kindlad ostjad.
Päris ainult üht aspekti (otseühendused Tallinnast) ei tasu ka ainult arvesse võtta. Tegelikult on tegu palju laiema teemaga ehk lennunduse kui sellise haru ellujäämisega Eestis. Miks ei võiks osalusega nõuda nn Tallinnas asetseva baasi nõudega, kus lennukid on komplekteeritud valdavalt eesti pilootide ja lennukit teenindavate eesti meeskondadega. AirBaltic's töötab palju eestlasi ja ei ole mitte vaimustuses Riias jm solgutamisest. Teiseks ei ole paljudel Eestis viimastel aastatel piloodikoolide lõpetanutel väljundit tööks ja istuvad maa pääl. Ja muidugi kõik muu kaasnev - lennunduse, pilootide kogemuse jne areng. "Asjatundja" Uibo juttu ei tasu küll võtta tõsiselt. Vaadake tema aastatetaguseid väljaütlemisi ja tegevusi. Küll on ta seda AirBalticut maha teinud ja arvustanud ja enese tegevusi ülistanud. Küll lennukid neil liiga suured, strateegia ei tööta jne, asutanud/osaline mingi kommerts pilootide kooli propageerimisel (kuigi Eesti riik koolitab igal aastal piloote, kellel väljund puudub) jne. Aga mis areneb- Airbaltic! Ehk siis see mees on eelkõige lähtunud enese huvidest, aga kui jutt jookseb ja on 'libe', siis saabki lobiseda, aga laulmine tuleb paremini välja..
Reeglina lendavad justkui ikkagi serblased, olgu sabal lipp milline tore tahes
Kummaline, et investeerimisfoorumis nii negatiivselt suhtutakse sellisesse ideesse.
Loogiline, et baltiriikide vahel on üks võimekas lennufirma, mida siis kõigi maksumaksjad ka vastavalt pilpa peal hoiavad. Ega rongi ja bussiga sõitmine Eestis on samamoodi doteeritud :)
Loogiline, et baltiriikide vahel on üks võimekas lennufirma, mida siis kõigi maksumaksjad ka vastavalt pilpa peal hoiavad. Ega rongi ja bussiga sõitmine Eestis on samamoodi doteeritud :)
"m3k3t"
Kummaline, et investeerimisfoorumis nii negatiivselt suhtutakse sellisesse ideesse.
Loogiline, et baltiriikide vahel on üks võimekas lennufirma, mida siis kõigi maksumaksjad ka vastavalt pilpa peal hoiavad. Ega rongi ja bussiga sõitmine Eestis on samamoodi doteeritud :)
mis siin kummalist on, 500 milli on juba ära põletatud, viskame teist niipalju veel peale?
Miks me peame lätlasi, leedulasi doteerima, kui on vaja mingit konkreetset lennuliini, siis tellime ja maksame sellele vajadusel peale. Kust tuleb arvamus, et AB on parem kui SAS või Finnair ja et seekord läheb kõik teisiti?
Kusjuures prktiliselt kunagi ei saa AB kuhugi soodsalt kui sul on vaja konkreetsemaid kuupäevi ja edasi-tagasi. Üks ots võib küll soodne olla, aga tagasi maksad topelt kinni. Aasta lõpu kampaania oli vist esimene kord, kus õnnestus osta paar sihtkohta hea hinnaga.
Busside kaugliinid ei ole meil doteeritud, kohe tuleb lisaks ju RB millele jäämegi peale maksma ja sellega saab ju kiirelt Riia lennujaama ja ongi alternstiiv alati olemas.
Probleemile "otse lennuühendused Tallinnast" on selge lahendus: kuulutada välja konkurss (nt 6 x nädalas ajavahemikus x hommikul ja õhtul otselend TLL-LHR/LGW/STD vähemalt n kohaga lennukiga). Näiteks 3 aastaks. Kes väikseimat dotatsiooni küsib, see diili ka saab. Neid kohti, kuhu regulaarne lendamine mõistlikel kellaaegadel on hädavajalik, aga turutingimustel täna ei pakuta, liiga palju ei ole: London, Pariis, Berliin, Brüssel ütleks.
Mingi raha kulub, aga vähemalt on kõigil aru saada, mille eest ja kui palju.
Mingi raha kulub, aga vähemalt on kõigil aru saada, mille eest ja kui palju.
Tuletaks ka meelde, et leedukad on aastaid saanud hakkama ilma riikliku lennufirma või mingis teises firmas osaluseta. Kui see nende oma firma kasti läks oli suur hirm, et oi-oi, keegi ei taha lennata! Tahetakse küll. Ühendused Leedust pole kehvemad kui Tallinnast. Pole vaja isegi kellelegi maksta a la UK liinide eest, lendajaid jätkub nkn. Jätkub ka teistele liinidele.
"sakuska"
Probleemile "otse lennuühendused Tallinnast" on selge lahendus: kuulutada välja konkurss (nt 6 x nädalas ajavahemikus x hommikul ja õhtul otselend TLL-LHR/LGW/STD vähemalt n kohaga lennukiga). Näiteks 3 aastaks. Kes väikseimat dotatsiooni küsib, see diili ka saab. Neid kohti, kuhu regulaarne lendamine mõistlikel kellaaegadel on hädavajalik, aga turutingimustel täna ei pakuta, liiga palju ei ole: London, Pariis, Berliin, Brüssel ütleks.
Mingi raha kulub, aga vähemalt on kõigil aru saada, mille eest ja kui palju.
Turg ikka natuke toimib ka.
Ryanair tegi ka natuke PR tsirkust ja põhjendas kahjumlike liinide sulgemist lennujaamatasude tõstmisega, aga tegelikult avatakse nüüd jälle mõned uued. Ehk siis - kui lennukid on olemas ja nõudlus tundub ka olevat, tuleb enamasti ikka keegi teenust ka pakkuma ja lennujaam tühjaks ei jää. Riik ei pea tingimata kellelegi selle teenuse eest peale maksma.
"Draax""sakuska"
Probleemile "otse lennuühendused Tallinnast" on selge lahendus: kuulutada välja konkurss (nt 6 x nädalas ajavahemikus x hommikul ja õhtul otselend TLL-LHR/LGW/STD vähemalt n kohaga lennukiga). Näiteks 3 aastaks. Kes väikseimat dotatsiooni küsib, see diili ka saab. Neid kohti, kuhu regulaarne lendamine mõistlikel kellaaegadel on hädavajalik, aga turutingimustel täna ei pakuta, liiga palju ei ole: London, Pariis, Berliin, Brüssel ütleks.
Mingi raha kulub, aga vähemalt on kõigil aru saada, mille eest ja kui palju.
Turg ikka natuke toimib ka.
Ryanair tegi ka natuke PR tsirkust ja põhjendas kahjumlike liinide sulgemist lennujaamatasude tõstmisega, aga tegelikult avatakse nüüd jälle mõned uued. Ehk siis - kui lennukid on olemas ja nõudlus tundub ka olevat, tuleb enamasti ikka keegi teenust ka pakkuma ja lennujaam tühjaks ei jää. Riik ei pea tingimata kellelegi selle teenuse eest peale maksma.
Küsimus pole lennujaama täituvuses. Küsimus on selles, kas Tallinnast ja Tallinnasse on võimalik olulistest keskustest normaalsetel aegadel otse lennata. Kui mul on vaja Londonis ajada mingi 1-päevane asi, siis ma pean by default selleks tuksi keerama kaks lisapäeva reisimiseks. Või lendama öösel, mis teeb sama välja.
Doteerida on vaja (sest neid turutingimustel keegi ei paku) otseühendusi, mis kõigil tööpäevadel võimaldaks võtmesihtkohtades olla hommikul kell 10 kohal ja hiljemalt keskööks koju tagasi jõuda. Mõlemat pidi. PS raha võiks võtta EAS eelarvest.
AirBalticu teemal huvitav intervjuu, päris palju huvitavat tausta.
Kõige huvitavam see, et Eesti väidetavalt siiski on kaalunud AirBalticu IPO-s osalemist.
Aerotime Hub vahendab: IPO, new bases and Starlink: airBaltic’s Martin Gauss, shares outlook for 2024
Hiljuti avaldati 2023 aasta kokkuvõte ja eelmine aasta lõpetati päris mitmete rekorditega, muus osas aga lihtsalt tugev aasta: Statistics: airBaltic Marks 2023 as a Year of Development
Viimane raport, mis on avaldatud, on Q3 2023, see oli tugevas kasvus: airBaltic Achieves Highest Ever Nine Month Revenue
Comparable profit ja Net profit on Q3 lõpuks jõudnud plussi, võrreldes eelmise aasta suure miinusega.
2023 Q3 raportist natuke põhjalikum ülevaade:
9 kuud:
Q3:
Kõige huvitavam see, et Eesti väidetavalt siiski on kaalunud AirBalticu IPO-s osalemist.
Aerotime Hub vahendab: IPO, new bases and Starlink: airBaltic’s Martin Gauss, shares outlook for 2024
Capacity constraints also played a role “If we’d had had more aircraft last year, we could have had even more revenues and better numbers. If we had not had the ongoing engine issues [supply chain issues affected the availability of some Pratt & Whitney engines, forcing airBaltic to ground several aircraft throughout the year 2023 – Ed. Note], the results would also be better. But despite all of these things, despite the war, it was a very successful, record-breaking year.” he added.
On December 21, 2023, airBaltic welcomed its latest Airbus A220 aircraft, the 46th out of a 50 aircraft firm order the airline placed with the European manufacturer. However, these deliveries will just keep happening for a few more years, since airBaltic hasn’t waited to receive all 50 contracted aircraft before exercising its option to acquire 30 more of the type.
This incremental order, which was announced in November 2023 at the Dubai Air Show, will bring the airline’s A220 fleet total to 80, making it the largest operator of the type in Europe.
...
On the financial front, there are two things that focus Gauss attention at the moment.
One of them is the refinancing of an outstanding €200 bond that is due in July 2024. In this regard, Gauss mentioned how the geopolitical risks have influenced the evolution of credit ratings, nevertheless, he expressed his confidence that the positive performance of the airline will provide a solid basis to sort this out.
The other major topic is the airline’s IPO, with airBaltic setting the mechanisms in motion that will eventually lead to the company’s public listing.
The carrier has already hired financial advisors, although it has yet to take on the bankers. Gauss expects that there should be a pricing range for the shares by early H2 2024, and it is then when the date of the IPO will be decided.
...
Interestingly, one thing that is not fully defined yet is the amount of public ownership that a publicly listed airBaltic will have. At the moment, the Latvian state holds a majority stake in the airline. Gauss confirmed that the Lithuanian and Estonian governments have also taken an interest in the airline, potentially with a view to also becoming shareholders in the near future.
...
“We have 46 aircraft now and we are going to up to 100 aircraft within the next six years. These aircraft need to be placed and will be so, mainly in the Baltics, but there will be also the number of planes that we are going to wet-lease to other airlines, and some which will be used for new bases. We always say that everything north of Hamburg is our market. This year we also did something new called pop-up flights: if there’s an opportunity to fly somewhere because there’s an event, we go there. We did the first one in Ostrava, in the Czech Republic, for the Ice Hockey World Championship. We launched flights to Ostrava and they sold really, really well. So, we try to stay flexible. And if we go to the east – and hopefully there’s going to be peace one day – Ukraine used to be a very strong market for us and it will be…” Gauss said, before adding: “We don’t have a problem placing aircraft, because we have the flexibility to go to the wet-lease market or to schedule flights. Each season we decide how many of them are placed and where.”.
...
Gauss expressed his concern that joining an alliance could somehow constrain the ability of airBaltic to operate with that many partners.
“We have codeshares with all alliances, so many codeshare partners that, if say we now go to Star or to SkyTeam, then we would definitely lose some of these codeshares. It wouldn’t make sense for us, as we are by far the largest carrier in the Baltics. That’s our home market and we are offering to our codeshare partners, with our aircraft and with our network, what they need [access to the Baltic markets– Ed.Note]. They have the benefit of not having to fly a large aircraft to a market, which is too thin for them.“
Nevertheless, Gauss is well aware of the increasing consolidation of the industry taking place in Europe.
“We have now five, six years ahead, where we go to up to 100 aircraft and I’m sure that over the years we’ll see more happening, but right now we are happy. We go in small steps, but we don’t lose sight of the big step, which this year is the IPO and in the longer term, becoming a much larger airline in Europe. And then one day there’s for sure also the discussion about consolidation in Europe…we just saw KLM-Air France and SAS, we saw ITA [which has received an acquisition offer from Lufthansa – Note Ed.] and we will see more consolidation. airBaltic will one day probably also be a target or even itself part of consolidation in Europe. I’m always asked whether the neighboring states can set up their own airline and I think in Europe setting up a full-blown airline in a small country is very difficult, very expensive. It’s a very competitive environment, so it gets more difficult. You need a lot of money to set up an airline today, so we’re very happy that we have an airline of this size, because to grow from here is easier to do than to set it up anew.”
...
But if there is one technology project at airBaltic that is likely to grab the headlines very soon and reach out to audiences far beyond its Baltic home region, it’s the fitting of its whole fleet with high-speed Starlink internet connectivity.
airBaltic is set to become the first airline in Europe, and one of the very first in the world, to offer Elon Musk’s satellite-based service onboard its planes – and it will be offering it to all passengers for free.
“It’s a completely change in the way you will use internet onboard. It is always going to be on. You won’t need any login or any identification, you will just have high-speed wifi while you’re onboard the aircraft.” he explained, without hiding his excitement for this major development in the passenger experience.
Hiljuti avaldati 2023 aasta kokkuvõte ja eelmine aasta lõpetati päris mitmete rekorditega, muus osas aga lihtsalt tugev aasta: Statistics: airBaltic Marks 2023 as a Year of Development
Martin Gauss, President and CEO of airBaltic: “2023 proved to be a rich year. The past 12 months have been full of positive milestones – we significantly expanded our network, offering over 100 direct routes, an all-time high, from home cities Riga, Vilnius, Tallinn, Tampere, and now – seasonally from Gran Canaria. The number of passengers consistently increased, approaching 4.5 million. Notably, specifically in July, for the first time since 2019, we served over 500 000 passengers in a single month.”
“Important to highlight, that 2023 was also a year of an international attention – by reaffirming the excellent cooperation with Airbus and securing a significant contract for 30 Airbus A220-300 aircraft, with purchase rights for additional 20. This aligns with the goal of operating a fleet of 100 such aircraft by 2030. The airline also received prestigious awards, including Routes Europe Airline Award, Europe’s Second Youngest Fleet Award, APEX Passenger Choice Award for the best cabin service in Europe, and the Skytrax Award for the best airline in Eastern Europe,” M. Gauss added.
“Looking ahead to 2024, airBaltic remains committed to enhancing connectivity between the Baltics and the world, ensuring improved passenger experiences, and contributing significantly to the economy. The airline will launch 13 new routes, expanding the total direct routes to over 100. However, a lot of our attention will be focused on the recently embarked active path towards the contemplated initial public offering (IPO) of the company’s shares. Thus, we are determined to deliver even greater excellence and further strengthen airBaltic as the leading airline and brand of the Baltics,” M. Gauss concluded.
In 2023, airBaltic has carried around 4.5 million passengers or by 36% more than in 2022. During the last 12 months, the airline performed over 44 000 flights – 18% more than the year before.
The most popular destinations were Amsterdam, Barcelona, Dubai, London, Paris, Tallinn, Tampere, Tenerife, Vienna, and Vilnius.
Since the first Airbus A220 joined the company’s fleet in late 2016, airBaltic has carried over 14 200 000 passengers on these aircraft, of which over 3 700 000 last year. So far, A220s have completed more than 157 000 flights and flown above 344 000 block hours, of which respectively nearly 37 000 and 80 000 last year. In 2023, seven new Airbus A220-300 aircraft joined the fleet of airBaltic.
To this day, airBaltic is the largest air cargo and mail carrier in Riga airport, maintaining its market leader position also in 2023 – altogether more than 9 400 000 kilograms of cargo and mail were delivered. In total, airBaltic carried more than 800 000 bags of mail within its network. One of the airBaltic Cargo Department’s highlight was a secure transportation of a rescued baby bear from Riga to France. The flight from Riga Airport, supported by Riga ZOO, ensured a comfortable journey for the bear in a specially adapted cargo hold.
Undeniably, the airline’s Call Center plays a significant role in providing services of quality. It employs 100 specialists, who handle incoming calls, messages and e-mails in 7 languages daily. Throughout 2023, the total amount of inquiries served were around 1 805 390.
Questions and inquiries regarding airBaltic operations are also received on social media. Last year, the social media support specialists faced up to 35 500 interactions. At the same time, the total number of followers on the company’s most powerful communication channels – Facebook, Instagram, Twitter, LinkedIn and TikTok – increased from 864 900 (January, 2023) to 1 049 200 (December, 2023). The highest rise was recorded on TikTok, from 228 600 to 352 200 followers.
In 2023 airBaltic recruited 684 employees, and the overall amount of the team reached 2 500 professionals. A total of 177 vacancies were published, receiving more than 24 254 applications and conducting 2 899 job interviews. Moreover, it is essential to note, that 20 graduates of the airBaltic Pilot Academy joined the company as First Officers in 2023.
The average age of people working at airBaltic is 35 years, but the average seniority level reaches 6 years. Until now, 7 employees have been working in the company since its establishment in 1995. The proportion of gender equality is 46% women and 54% men. Today members of 30 nationalities work at airBaltic.
airBaltic operates more than 100 routes from Riga, Tallinn, Vilnius, and Tampere, offering connections to a wide range of destinations in the airline's route network in Europe, the Middle East, North Africa, and the Caucasus region. A complete schedule of airBaltic flights and tickets are available on the company's homepage at www.airbaltic.com
Viimane raport, mis on avaldatud, on Q3 2023, see oli tugevas kasvus: airBaltic Achieves Highest Ever Nine Month Revenue
During today’s investor call, Martin Gauss, President and CEO of the Latvian airline airBaltic, along with the Board Members – CFO Vitolds Jakovļevs and COO Pauls Cālītis – presented the company's financial results of Q3 and the first nine months of 2023. Following the record-breaking half-year results, airBaltic maintains strong and positive operational excellence and business indicators, with a total revenue of EUR 510.6 million, representing a 41% year-over-year increase. Additionally, the first nine months ended with EBITDAR of EUR 129.5 million, surpassing the 2022’s figure by over EUR 74 million.
Furthermore, the results for Q3 of 2023 also highlight an upward trajectory – by reaching a record comparable EBITDAR of EUR 72.7 million with a 33.2% EBITDAR margin, as well as generating EUR 219.3 million in revenue. The last mentioned figure marks a 28% increase compared to the corresponding period last year, emphasizing the company's strong growth and market resilience.
Martin Gauss, President and CEO of airBaltic: “Throughout Q3 and the first nine months of 2023, airBaltic consistently demonstrated strong financial and operational performance. This period included a record-breaking summer, with nearly half a million passengers monthly and a steady increase in overall demand. Such growth is reflected in our revenues, surpassing the half-billion euro milestone. Despite challenges with spare engine supply and reliability leading to grounded aircraft and impacting Q3 performance, airBaltic still achieved one of its highest ever Q3 EBITDAR margins. The results could have been even stronger without the engine issues.”
“During the 2023 summer period, traditionally the peak for the aviation industry, airBaltic benefited from an uplift owing to escalating demand for both leisure and business travel, amplified by the strategic expansion of our network. airBaltic retains its status as the premier airline in the Baltics, continuously developing essential connectivity from our home cities of Riga, Tallinn, Vilnius, and Tampere. As the main connectivity provider to and from the region, we are committed to providing our home markets with the best possible air travel services. We continually enhance the overall passenger experience and make a significant contribution to the region's economy,” Gauss added.
During the first nine months of 2023, airBaltic carried 3.4 million passengers, representing a 41% year-over-year increase. The number of total performed flights, including ACMI-out operations, also increased by 36%, leading to 51 thousand.
Comparable profit ja Net profit on Q3 lõpuks jõudnud plussi, võrreldes eelmise aasta suure miinusega.
2023 Q3 raportist natuke põhjalikum ülevaade:
9 kuud:
Q3:
