Airline

Loss narrows at Air Baltic

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Loss narrows at Air Baltic

Air Baltic has narrowed its full-year net loss to LVL19 million ($35.3 million) in 2012, marking a 77% improvement from a LVL85 million loss in 2011. Revenue fell slightly to LVL229, while operating costs reduced by LVL58 million to LVL 248 million. Air Baltic flew 8% fewer passenger during the peri...

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