Latvian carrier airBaltic reported a 2018 net income of €5.4 million ($6.04 million), a 46% increase from €3.7 million in 2017. Annual revenue was up 18% to €408.7 million, compared to €347.7 million in 2017. The Riga-based airline carried 4.1 million passengers in 2018, a 17% year-over-year (YOY) increase. Citing a recent study by consulting firm Roland Berger, airBaltic CEO Martin Gauss said the airline “contributed 2.5% to Latvia’s GDP in 2018 and ...

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