airBaltic to cut total flight capacity by 10% after fleet reduction
airBaltic board member Vitolds Jakovļevs said the airline's total flight capacity will shrink by 10% following a reduction in its aircraft fleet. The new business plan focuses on the most profitable routes.
Latvia's national airline airBaltic plans to reduce the size of its aircraft fleet, which will result in the company's overall flight capacity shrinking by around 10%. This was revealed by airBaltic board member Vitolds Jakovļevs on the Latvian Television program "Kas notiek Latvijā?".
New business plan
According to Jakovļevs, the change is part of a new company business plan that envisions a smaller number of aircraft in the fleet. At the same time, the airline intends to focus more on the flight routes that generate greater profit for the company.
With this move, airBaltic's management is seeking more efficient use of resources by giving up less profitable connections in favor of more lucrative destinations. No specific details on which routes will be kept or discontinued were provided during the broadcast.
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