Air Baltic: Convincing half year
Latvia's state-owned airline Air Baltic was more than convincing in the first half of the year. The airline recorded a net profit of 14,6 million euros, which corresponds to an improvement of 105,7 million euros. The Latvian airline Air Baltic had a successful first half of the year. This thesis is supported by the following key figure, for example: The airline recorded a net profit of 14,6 million euros in the first half of the year, which corresponds to an increase of 105,7 million euros. The EBITDAR for the entire first half of the year speaks for itself: Latvia's carrier achieved an EBITDAR of almost 57 million euros, which equates to an increase of 50 million euros compared to the same period last year. The EBITDAR for the second quarter, however, is record-breaking, at 53,8 million euros. In addition, air Baltic had its strongest first half of the year in terms of revenue, with the airline achieving revenue of EUR 291 million, an improvement of around 52 percent compared to the previous year. The airline also improved revenues compared to the pre-Corona year of 2019, as can be seen from the increase of around 33 percent. Martin Gauss, President and CEO of airBaltic, says: “The exceptional results of the first half of the year have exceeded our expectations. Our business is going well and operating cash flow is higher than ever. Looking back at the first six months of 2022 and even 2019, we have experienced significant growth - we have achieved the highest profit in history, a