airBaltic plans to resume direct flights from Riga to London tomorrow and from Tallinn to London on July 4th. In addition, the airline will launch new direct flights from Vilnius to London on Wednesday.
airBaltic has secured up to €250 million in funding from the Latvian government as it seeks to overcome the coronavirus pandemic. Following such an investment, the Latvian state’s shareholding in the carrier will increase from 80.05 to 91 per cent.
As the coronavirus crisis continues, significantly affecting demand for air travel, airBaltic has further decrease its overall capacity between until the end of October. The Latvia-based airline will cancel approximately 50 per cent of its flights over the summer.
All Korean Air executives will forgo part of their salaries in response to the worsening business environment due to the Covid-19 virus outbreak. The carrier has also outlined other self-rescue measures designed to improve its financial structure.
The government of Latvia will tighten security measures and suspend international air traffic from March 17th. The move comes as the country seeks to limit the spread of coronavirus.
airBaltic has announced new cuts to capacity over the next three months in the face of the coronavirus crisis. In line with the cuts, the number of employees, mainly crew, will be temporarily reduced by up to 250 people.
airBaltic carried 5,049,317 passengers in 2019, or 22 per cent more than the year before, on its network. The figure is the highest number in the history of the Latvian airline.
Yekaterinburg will be the sixth destination airBaltic serves in Russia, in addition to convenient connections between Riga and Moscow, St. Petersburg, Kaliningrad, Sochi and Kazan.
airBaltic has revealed plans to continue its expansion in the region. The Latvia-based airline will launch of four new direct destinations from Tallinn, capital of Estonia, next summer, as well as five new destinations from Vilnius in Lithuania.
airBaltic transported 528,449 passengers in June, or 24 per cent more than during the same month last year. The Latvian airline recorded a 62 per cent market share in Riga, and a 22 per cent market share in Tallinn.