Airlines

airBaltic targets over €668mn revenue in 2023

As the Latvian national airline airBaltic prepares to publish its annual financial results for 2023, preliminary data already points to a strong revenue forecast for the full year.

Following a record-breaking half-year and solid Q3 results, airBaltic continues to demonstrate operational excellence and confident business indicators.

According to unaudited preliminary data, the total revenue for the previous year is expected to reach EUR 668 million, marking a significant 34% year-over-year increase.

Martin Gauss, President and CEO of airBaltic: “As we approach the release of our 2023 annual results, we are excited to report that airBaltic is on track for a remarkably successful year.

“We eagerly await the opportunity to present these results to investors, media, and the broader public.

“In a wider context, 2023 has been a year of significant growth and development for airBaltic, further emphasizing our role as a key player in the aviation industry and our commitment to connecting Latvia with the world.”

Moreover, summarizing the year 2023, it is evident that airBaltic has continued the company’s purposeful growth and development. Preliminary data indicates that in 2023, the airline carried approximately 4.5 million passengers, representing a 36% increase compared to 2022.

In the last 12 months, the Latvian flag carrier performed over 44 thousand flights – 18% more than the year before.

Please note that the full financial results for 2023 will be presented on March 5, 2024, during an investor call and a dedicated press conference.

 

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