Air Baltic lost €136 million last year

Text Mark Taylor
Photo Kevin Hackert / Unsplash

The Latvian owned airline Air Baltic announced yesterday that the company had recorded losses of 135.7 million euros in 2021. The company’s total turnover in the year was 204.1 million euros.

In 2021, Air Baltic made 23,400 flights to 94 different destinations from its bases in Tallinn, Riga and Vilnius, which is 20 per cent than in 2020.

“The airline served 1.63 million passengers last year, up 21 per cent from 2020,” said Martin Gauss, CEO of AirBaltic.

Despite the losses, the airline, which employs more than 1600 staff, continued to expand, adding 7 Airbus A220-300 aircraft to its fleet.

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