airBaltic Reduces Losses Despite Flat Revenue In Q1 2025

airBaltic has released its financial results for the first quarter of 2025, showing a relatively stable revenue performance alongside a notable improvement in profitability. The Latvian flag carrier posted revenues of $148.6 million, reflecting a marginal 0.3% increase compared to the same period in the previous year. Despite minimal revenue growth, the airline demonstrated considerable cost management and operational improvements, as evidenced by a 28% reduction in net loss, bringing it down to $32.8 million.