After record half-year results and on the basis of preliminary figures, airBaltic maintains strong and positive business indicators, with a total turnover of 502 million euros, which represents an increase of 39% from one year to the next.
Latvian airline airBaltic is expected to report its third quarter 2023 financial results on November 8. Preliminary results for the third quarter of 2023 also highlight a significant achievement. In the third quarter, airBaltic generated revenue of €211 million, an increase of 23% compared to the corresponding period last year. “Throughout the third quarter and first nine months of 2023, airBaltic continued to demonstrate strong financial and operational performance. After a record summer with almost half a million passengers per month, we have seen a steady increase in overall demand, as evidenced by our turnover exceeding half a billion euros”said Martin Gauss, president and CEO of airBaltic.
The summer season is typically the busiest time of year for airlines, and airBaltic enjoyed a strong summer season in 2023. This was due to a number of factors, including increased demand for leisure travel And business and the company’s broader network. “airBaltic maintains its position as the leading airline in the Baltics, further developing essential connectivity from its home cities of Riga, Tallinn, Vilnius and Tampere. As the leading provider of connectivity to and from the region, we are committed to providing our domestic markets with the best possible air transport services. We are continually improving the overall passenger experience and making a significant contribution to the region’s economy”added Gauss.