airBaltic has this week reported a €34 million profit, which is the highest in the airline’s history. Without further ado, let’s get into it…The airBaltic Numbers…Photo Credit: Jamie Clarke/AviationSourceThe numbers that airBaltic have provided in their financial statement is as follows:Position 2023 2022 Change Revenue EUR 668 million EUR 500 million 34% EBITDAR EUR 159 million EUR 83 million EUR 76 million Profit / (loss) EUR 34 million EUR (54) million EUR 88 million Passengers 4.5 million 3.3 million 36% Grand total flights* 65.5 thousand 50.4 thousand 30%What we can see from the data is that airBaltic has managed to turn over a record profit from a loss recorded in 2022. It remains clear that airBaltic will continue this strong momentum as we progress further into 2024. Overall…Photo Credit: Jamie Clarke/AviationSourceIn conclusion, airBaltic had a very successful 2023, and has been able to turn around things substantially. Going into 2024, all eyes will be on how the airline will continue to grow, especially with a significant delivery backlog.

Source: Ethiopian News March 07, 2024 07:55 UTC