Latvian airline airBaltic reported a historic profit of EUR 34 million in its Annual Report for 2023, marking a substantial increase of EUR 88 million from the previous year. The company’s revenue reached an all-time high of EUR 668 million, a 34% rise compared to 2022.
President and CEO Martin Gauss highlighted the successful year, surpassing pre-pandemic levels, with a focus on a potential initial public offering (IPO).
Key achievements include the highest EBITDAR of EUR 159 million, a 36% increase in carried passengers to 4.5 million, and the launch of 38 new routes, expanding the network to 126 routes.
The airline remains the world’s largest Airbus A220-300 operator, with plans for further expansion.
Seeing an airline like Air Baltic record record profits is heart warming! They’ve really gone for it to turn the airline into something good! Their A220s offer an awesome passenger experience and are real workhorses.
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