Latvian airline Air Baltic delivered impressive financial results in the first half of 2024, but also reported a net loss.
Sales rose by 16% year-on-year to a record level of around 339 million euros. At the same time, adjusted EBITDAR increased by 39% to almost 77 million euros. The number of passengers carried increased by 11% to over 2 million.
However, this positive development is offset by a net loss of around EUR 88,8 million, due to problems with Pratt & Whitney engines, higher depreciation costs and currency depreciation. Despite these challenges, Air Baltic remains optimistic and continues to focus on strong operational performance and the expansion of its route network, which now includes over 130 routes.
and 