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 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, the flag carrier of Latvia, has announced a major leadership change as CEO Martin Gauss stepped down from his position following a decision made at the company’s regular Shareholders’ Meeting. Pauls Calitis, currently serving as Chief Operating Officer (COO) and a Management Board Member, has been appointed as Interim CEO.
