MOSCOW, 20 September - Last news . The Executive Director of the Latvian national airline airBaltic Martin Gauss said that management expects lower profits because of the conflict in Ukraine, informs referring to the news Agency BNS.

according to him, the predicted amount of profit for the year of 2014, which is 9 million euros, can be significantly lower.

" We say that the Results have the ability to deteriorate, but, of course, that may change. The results also have the opportunity to deteriorate more than We projected. This year, the situation in Ukraine has influenced literally otherwise than We thought, and We don't know how it will develop further, " said Gauss.

Executive officer of airBaltic added that the Company may continue to incur losses, as losses caused by the outflow of buyers, it will be possible to compensate for not immediately.

" Even if tomorrow the affected hand will shake hands, and all over, airBaltic for some time will continue to incur losses, because the citizens have changed their habits to travel, and so quickly in the opposite direction, they will not change. Accordingly, in the coming year, we will have to change even more, to compensate for changes in flights, " said Mr. Gauss.

Airline airBaltic was established in 1995. A major shareholder of the organization (99, 8%) is the state of Latvia. The company provides air 60 destinations. In 2014 airBaltic first airline began to accept cryptanalyse Bitcoin.

sections: Politics