airBaltic has reported a loss of €61.5 million for the first half of the year as the Covid-19 pandemic continues to weigh on the aviation sector. Passenger numbers also fell significantly.
The money will be used to compensate for the losses caused by the ongoing Covid-19 pandemic and to overcome the ongoing economic crisis.
airBaltic has welcomed its latest Airbus A220-300 jet, registered as YL-ABB, to Latvian capital Riga. This is the third out of seven planned Airbus A220-300 aircraft deliveries for the carrier this year.
airBaltic carried 114,700 passengers in June, or 70 per cent more than the previous month. The Latvian airline performed 1,780 flights.
airBaltic has launched new scheduled flights between Manchester and Riga, Latvia. The Latvian airline now connects both cities with two weekly flights.
airBaltic has launched new weekly summer seasonal flights between Riga and Greek island Corfu. The new route is performed in cooperation with Mouzenidis Travel.
airBaltic has launched a new product, airBaltic Holidays, offering customers dynamic travel packages which include both a flight and a hotel reservation.
airBaltic and Riga Airport have signed a land reservation agreement for building a new Baltic cargo hub. The new facility will be the largest dedicated air cargo handling hanger in the region.
Financial results from airBaltic show the carrier lost a total of €265 million last year as the Covid-19 pandemic hit European travel. The Latvian airline lost €9 million in 2019.
Before the summer has begun, airBatlic is preparing for the coming autumn, with the launch of new flights to Tenerife in Spain. The Latvian airline will offer flights from Riga from September 2nd.
airBaltic carried 29,200 passengers in March, a fall of 79 per cent on the year before. In total, the Latvian airline performed 660 flights last month.