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Lithuania

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Lithuania

IATA Code
LT
Airlines
International Airlines serving this country (excluding codeshares)
Airports

Most international traffic to Lithuania goes through Vilnius International Airport, however Kaunas, to the northwest of the capital Vilnius, is the destination for most budget airlines. The national carrier of Lithuania, Lithuanian Airlines (FlyLAL), suspended operations and declared bankruptcy in 2009 after suffering the effects of a price war with its major competitor airBaltic and amassing huge debts. The only native carrier operating scheduled services out of Lithuania now is the LCC Star1 Airlines, based at Vilnius International Airport.  

Location of Lithuania

Source: CAPA - Centre for Aviation and Google Maps


 
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701 total articles

6,133 total articles

Europe's fringe carriers look for partners to overcome financial crisis; Cyprus Airways latest

7-Sep-11 11:57 PM

Airlines on Europe's southern and eastern periphery are becoming more precariously positioned, but are looking for for partners to help overcome the growing financial crisis. Cyprus Airways is the latest such carrier, and reported a widening in first half losses in the six months to 30-Jun-2011, as lower top-line revenue fell and higher fuel costs squeezed the airline in the period. Cyprus Airways is also turning to implementing a raft of measures aimed at stemming operating losses.

Air Malta troubles worsen as unions flex muscle and LCCs grow

8-Jul-11 3:42 PM

Air Malta’s troubles have become more acute as the struggling carrier’s unions increase their opposition to large-scale redundancies. Prime Minister Lawrence Gonzi has stated the present situation is increasingly worrying, particularly in light of the EUR77 million the government has poured into the airline since Jun-2011.

Concerns mount at airBaltic following weak winter

6-Jul-11 3:44 PM

Latvian national carrier airBaltic has found itself in a tough spot after recording a heavy loss in the first five months of 2011, an issue which has culminated in a shareholders conflict over the airline’s strategy and management.

Improvement in Riga Airport’s financials but uncertainty about Ryanair’s presence

23-Jun-11 2:58 PM

Latvia’s Riga International Airport (RIX) reported a profit of EUR705,000 in 1Q2011, compared with a loss of EUR21,150 in the previous corresponding period, in a report submitted to the governing body of the Ministry of Transport. The airport, a home to aggressive airBaltic, handled 939,630 passengers and 15,373 flight movements. But Ryanair, which has a significant presence could still move away.

Wizz Air and Ryanair intensify competition in Lithuanian market

2-May-11 3:35 PM

Wizz Air opened its 14th base in Vilnius, Lithuania, on 16-Apr-2011. Wizz Air’s expansion comes as Ryanair also expands in the Lithuanian market, with six new routes to be launched to/from Vilnius in May-2011. The entry of two of Europe’s largest LCCs has resulted in airBaltic downsizing its presence at Vilnius “due to crowding” in the market. Vilnius remains the second-busiest airport in the Baltic region, behind Riga International Airport.

Russia, Turkey and Sweden the hottest destinations for European travellers this Summer. Egypt down

24-Mar-11 12:01 PM

Russia, Turkey and Sweden are among the fastest growing major destinations for European travellers this summer, latest analysis from CAPA shows. According to Innovata schedule data for Apr-2011 - the first month of the summer scheduling season - Russia and Turkey will enjoy near 20% increases in passenger capacity from other European countries next month.

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