As Latvia's national airline Air Baltic prepares to release its 2023 annual results, preliminary data already points to a strong full-year revenue forecast.
After a record-breaking half-year and solid results in the third quarter, Air Baltic continues to demonstrate operational excellence and confident financial figures. According to unaudited preliminary data, total sales for last year are expected to reach 668 million euros, a significant increase of 34 percent compared to the previous year.
“As we approach the release of our 2023 annual results, we are pleased to report that Air Baltic is on track for a remarkably successful year. We look forward to the opportunity to present these results to investors, the media and the general public. In a broader context, 2023 was a year of significant growth and development for Air Baltic, which further underlines our role as a key player in the aviation industry and our commitment to connecting Latvia with the world,” said Managing Director Martin Gauss.
As we summarize 2023, it is clear that Air Baltic has continued the company's targeted growth and development. Preliminary data suggests that the airline carried around 2023 million passengers in 4,5, an increase of 36% compared to 2022. In the last 12 months, the Latvian airline operated over 44 thousand flights – 18% more than last year.