newstodate.aero
May 19, 2015 (newstodate): The Lithuanian ACMI carrier Small Planet Airlines has seen strong results from its strategy, with profits soaring.
-Our stabilization strategy focusing on improving operations rather than mere growth has resulted in a 400 percent increase in year-on-year profit, says Vytautas Kaikaris, Small Planet CEO.
The improved performance was achieved as a result of decisions to slow down on growth, focus on existing customers, and improve the quality of flight operations.
Two legacy Boeing 737-300 aircraft were replaced by newer Airbus A320 aircraft, supported by one additional Airbus A320 aircraft serving as a dedicated standby unit, resulting in improved on-time performance and flight operations.
The airline has also built up business with customers in Asia to balance the seasonal variations in the European traffic, starting with with a cooperation with Bhutan Airlines flying passengers from Bangkok to Paro in Bhutan, followed by a new project with Sky Angkor, a Cambodian airline, and more recently with the establishment of a representative office in Bangkok, Thailand.
In 2015, the carrier operates a fleet comprising 18 Airbus A320 aircraft based in Great Britain, Poland, Lithuania and Italy and shifted seasonally to operations in Asia and other regions.
-Our stabilization strategy focusing on improving operations rather than mere growth has resulted in a 400 percent increase in year-on-year profit, says Vytautas Kaikaris, Small Planet CEO.
The improved performance was achieved as a result of decisions to slow down on growth, focus on existing customers, and improve the quality of flight operations.
Two legacy Boeing 737-300 aircraft were replaced by newer Airbus A320 aircraft, supported by one additional Airbus A320 aircraft serving as a dedicated standby unit, resulting in improved on-time performance and flight operations.
The airline has also built up business with customers in Asia to balance the seasonal variations in the European traffic, starting with with a cooperation with Bhutan Airlines flying passengers from Bangkok to Paro in Bhutan, followed by a new project with Sky Angkor, a Cambodian airline, and more recently with the establishment of a representative office in Bangkok, Thailand.
In 2015, the carrier operates a fleet comprising 18 Airbus A320 aircraft based in Great Britain, Poland, Lithuania and Italy and shifted seasonally to operations in Asia and other regions.