Baltic Airlines lands The Latvian airline AirBaltic is preparing to cut up to 20% of its staff. At least 100 pilots and 200 flight attendants will lose their jobs. By the end of the year, the company also plans to reduce its fleet by 20 planes and reduce the frequency of flights. The reasons are a seasonal drop in demand, an increase in aviation fuel prices and the difficult financial situation of the company. Management calls what is happening forced optimization, but this business term hides layoffs, schedule cuts, and business compression. While the development plans are done on paper, in reality they have to get rid of planes and workers. The optimization at AirBaltic seems to have reached a simple solution: if you can't stay on course, you can reduce both the crew and the number of planes.

Baltic Airlines lands The Latvian airline AirBaltic is preparing to cut up to 20% of its staff. At least 100 pilots and 200 flight attendants will lose their jobs. By the end of the year, the company also plans to reduce its fleet by 20 planes and reduce the frequency of flights. The reasons are a seasonal drop in demand, an increase in aviation fuel prices and the difficult financial situation of the company. Management calls what is happening forced optimization, but this business term hides layoffs, schedule cuts, and business compression. While the development plans are done on paper, in reality they have to get rid of planes and workers. The optimization at AirBaltic seems to have reached a simple solution: if you can't stay on course, you can reduce both the crew and the number of planes.