airBaltic has announced a delay in its initial public offering (IPO) plans, now aiming for the first half of 2025 at the earliest. According to CEO Martin Gauss, the airline requires favorable market conditions to proceed with the listing successfully.
airBaltic, the Latvian national airline, has reported a net profit of $42.7 million for the third quarter of 2024, an impressive result supported by an 8% increase in revenue to $250 million. This growth in revenue highlights the airline’s successful strategies in optimizing operational efficiency and expanding its network within Europe. With strong results in Q3, airBaltic now anticipates full-year…
airBaltic, Latvia’s national carrier, reported an impressive 11% year-on-year increase in passenger numbers for October 2024, totaling 470,800 passengers. This growth aligns with the airline’s ongoing efforts to expand its network and increase flight frequency on popular routes. Additionally, airBaltic’s load factor (LF) saw a notable improvement, rising 5.7 percentage points to reach 84.1%. This higher load factor reflects increased demand and efficient capacity management,…
airBaltic, Latvia’s national airline, has expanded its fleet with the delivery of its 49th Airbus A220-300. The aircraft, identified by serial number 55308, is the third A220-300 to be added to airBaltic’s fleet in 2024, reflecting the airline’s commitment to fleet modernization and regional expansion. The A220-300, known for its efficiency and passenger comfort, has…
airBaltic has rescheduled the start date for its Riga–Rzeszow service to November 8, 2024. Initially set for October 28, the route will now operate twice weekly, served by Airbus A220-300 aircraft. This adjustment aligns with airBaltic’s winter strategy, which features new seasonal routes across the Baltic region, including connections from Riga, Tallinn, and Vilnius to…
