airBaltic turnover expected at EUR 175 million in 2020

The turnover for the Latvian national airline airBaltic could reach EUR 175 million this year, said Martins Gauss, head of the airline, in an interview with Latvian Television on May 27.

The planned turnover of airBaltic in 2020 was EUR 575 million, Gauss said. At the same time, he pointed out that as the situation improves, the recruitment of workers made redundant could return to jobs and the number of flight destinations increase.

"There would be 688 employees released on the basis of mutual agreement. We will hire both these and additional employees," said Gauss.

Gauss stressed that airBaltic was in crisis due to external circumstances and would therefore be able to successfully return to action and implement a plan to exit the crisis. The biggest problem now is national requirement for 14-day self-isolation. "When it is lifted, passenger numbers will increase," said Gauss.