2023: Air Baltic achieves record profit
The Latvian airline Air Baltic was able to publish promising business figures in its 2023 annual report. The airline was able to achieve its historically highest profit this year. The Latvian airline Air Baltic was able to close a successful 2023, as can be seen from its 2023 annual report. The carrier was able to increase both revenue and profit significantly, as the comparison with the previous year shows. Revenue in 2023 was 668 million euros, which is not only an improvement on the previous year, but also a record when all annual revenues are considered. Profits also reached an all-time high. Profits in 2023 amounted to 34 million euros, an improvement of 88 million euros over the previous year. The number of flights operated and passengers handled also saw a sustained improvement. The Latvian airline was able to operate 65.500 flights, an increase of 30 percent over the previous year. Parallel to this development, passenger numbers also increased dramatically and the airline was able to handle 4,5 million passengers.