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In Could 2024, airBaltic, Latvia’s nationwide airline, reported preliminary revenues exceeding EUR 68 million, indicating a 4% rise from the identical interval final yr. This efficiency, amidst Q2, underscores constant stability and promising enterprise traits.
Throughout the identical month, airBaltic served 434,100 passengers, exhibiting a slight 1% lower in comparison with Could 2023. Regardless of this marginal decline in passenger numbers, the airline maintains strong monetary well being with growing income. Moreover, airBaltic operated 4,300 flights in Could, marking a 3% uptick from the earlier yr.
Martin Gauss, President and CEO of airBaltic: “During May, airBaltic continued to demonstrate confident financial and operational performance, with increased revenue. At the beginning of May, we expanded our network by launching 15 new destinations from all our home bases, including seven new countries in Southeast Europe. We are dedicated to ensuring the best connectivity between the Baltics and the rest of the world, as well as enhancing the passenger experience and contributing to the economy.”
“During the upcoming months, we plan to continue expanding our network by launching new Pop-Up and scheduled flights, continuing our operations from our seasonal base in Gran Canaria, and launching direct flights to a unique new destination – Madeira. These developments are expected to further boost our traffic across the Baltic region and beyond,” Gauss added.
| Could 2024 | Could 2023 | Change |
|---|---|---|
| Preliminary income | EUR 68.1 million | EUR 65.3 million |
| Variety of passengers | 434,100 | 437,000 |
| Variety of flights | 4,300 | 4,200 |
Through the first quarter, airBaltic achieved a record-breaking Q1 income surpassing EUR 132 million, marking a 27% enhance from 2023. Concurrently, passenger numbers additionally soared to a historic peak with a 20% rise. Earlier this yr, the airBaltic Group reported an unprecedented annual revenue of EUR 34 million for 2023.
In current developments, airBaltic expanded its community by introducing 15 new routes final month, together with seven new nations in Southeast Europe. This yr, the airline plans to function an all-time-high of 130 routes from its bases, facilitating one-stop connections worldwide via over 20 code-share companions.
airBaltic operates greater than 130 routes from Riga, Tallinn, Vilnius, Tampere, and seasonally from Gran Canaria, offering in depth connections throughout Europe, the Center East, North Africa, and the Caucasus area inside its route community.
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