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.
This post was published on 5 March 2024 11:42
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