airBaltic, the Latvian national carrier, has issued a preliminary trading update for July–August 2025, ahead of its Q3 interim results due in November. The airline highlighted a 12% year-on-year increase in ticket yields for Augustand consistent growth in revenue per available seat kilometer (RASK), even as overall passenger volumes declined.
airBaltic, Latvia’s national carrier, has launched a new direct service connecting Riga (RIX) with Faro (FAO) in southern Portugal, expanding its footprint in one of Europe’s most popular leisure regions. The route, operated once weekly on Saturdays, marks airBaltic’s fourth Portuguese destination after Lisbon, Porto, and Madeira, which will be added later in 2025. The inaugural flight has a scheduled block time…
airBaltic has unveiled an ambitious expansion of its operations for the summer 2026 season, further strengthening its position as a leading carrier in Northern and Eastern Europe. The Latvian airline confirmed plans to introduce new routes, resume key destinations, and increase frequencies across its network to meet rising travel demand.
Executive Officer (CEO), effective December 1, 2025. This leadership transition marks an important step in the airline’s growth trajectory as it prepares for its next phase of expansion and strategic development.
airBaltic has reported a significant turnaround in Q2 2025, achieving a net profit of EUR 27.6 million compared to a loss of EUR 24.2 million in the same quarter last year. Quarterly revenue rose 4.8% year-on-year to EUR 216.9 million, driven by steady passenger growth and improved operational performance. Adjusted EBITDAR reached EUR 55.2 million, while passenger numbers climbed 8.3% to 2.5 million, and the load factor…
airBaltic and Air India have announced a new cooperative venture by signing a Special Prorate Agreement (SPA). This agreement will strengthen the relationship between the two carriers and improve travel options for passengers connecting between their respective networks.
Air India has announced the signing of interline agreements with several international carriers, including airBaltic(Latvia), Bulgaria Air, Cyprus Airways, and Uzbekistan Airways. These partnerships aim to expand the airline’s global reach and streamline travel for passengers seeking seamless connections across multiple regions.
airBaltic, the flag carrier of Latvia, has cautioned that it may need to secure additional funding from its shareholdersshould unfavorable conditions persist into the second half of 2025. The airline’s statement underlines growing financial uncertainty in a challenging market environment, with the company preparing for multiple potential outcomes.
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…
airBaltic, the national airline of Latvia, has officially launched an international executive search to appoint a new Chief Executive Officer, following the departure of longtime CEO Martin Gauss. The process is expected to last approximately three months, and notably, the airline confirmed that no compensation or severance will be paid to Gauss.
