Air Baltic Posts Loss For 2004
Latvian national carrier Air Baltic recorded a LVL850,000 (US$1.6 million) loss in 2004 as the airline dealt with strong growth and fleet renewal efforts. The airline's revenues grew by 54% to LVL51.6 million (US$95.4 million), and passenger numbers increased 75% to 590,000. Last year, the airline...
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