The number of passengers carried by airBaltic has increased by 8.8% / day in four months

The number of flights made by the airline has increased by 6.4% in the first four months of this year to 14,223 flights.

AirBaltic carried 410,138 passengers in April this year, which is 12% more than in April last year, while the number of flights made in April increased by 5% to 3,958 flights, airBaltic said.

In April last year, airBaltic carried 365 passengers and made 3753 flights.

AirBaltic reached 77.8% of seats in April this April, which is 1.7 percentage points more than in April last year, while airBaltic reached 99.6% in April.

As demand for airline services increases, airBaltic will increase the frequency of flights this summer on eight existing routes from Riga to Alicanti, Amsterdam, Stockholm, Istanbul, Ports, Chisinev, Tallinn and Tampi.

It has already been reported that airBaltic carried a total of 5.2 million passengers in 2024, which is 13% more than a year ago, with 47,000 flights, which is 7% more than a year ago.

In the first quarter of this year, the airBaltic group had a loss of EUR 29,348 million, which is 27.8% less than in the first quarter of 2024, but the Turnover of the Group increased by 0.3% to EUR 132,719 million.

In 2024, the airBaltic Group worked with audited losses of EUR 118.159 million, as opposed to profit a year earlier, but the Group turnover increased by 11.9%compared to 2023, reaching EUR 747.572 million.

Currently, the Latvian state owns 97.97% of airBaltic shares, while financial investor, Danish businessman Lars Nuten, owned by Aircraft Leasing 1 – 2.03%.

However, at the end of January 2025, an agreement was reached with the German airline Lufthansa on investment in airBaltic in the amount of EUR 14 million. In exchange for the investment « Lufthansa Group » will receive convertible shares, which will give it 10% participation. Later, at the potential airBaltic’s initial public offer (IPO), these convertible shares will be converted into ordinary shares.

After the IPO Lufthansa Group participation, the potential IPO market price will be determined. The deal also stipulates that Lufthansa Group will be at least 5% of airBaltic’s capital after the potential IPO. Similarly, the Latvian government agreed on August 30, 2024 that the country should retain at least 25% plus one share, following the capital of the airBaltic IPO.

This transaction has yet to obtain permission from the German Federal Cartel Bureau (« Bundeskartellamt »).