We know Estonia
15.4.2022 | Estonia

Air Baltic lost €136 million last year

Text Mark Taylor
Photo Kevin Hackert / Unsplash

Air Baltic lost €136 million last year

 

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.

Source ERR

 

To learn more about this and similar topics
Air Baltic Air Baltic Destinations Air Baltic Losses Airbus A220-300 Martin Gauss Riga Tallinn Vilnius

7.2.2025 | Estonia

Retail trade fell by 3 per cent in 2024

Retail trade fell by 3 per cent in 2024

Retail trade enterprises in Estonia saw a decline last year, with total turnover reaching 10.4 billion euros—down 3 per … Read more

6.2.2025 | Estonia

International School of Tallinn opens in Ülemiste

International School of Tallinn opens in Ülemiste

The newly completed Education Quarter in Ülemiste City has welcomed its first major tenant—the International School of Tallinn. The … Read more

2.2.2025 | Estonia

Construction Prices Rise by 1.6% in 2024

Construction Prices Rise by 1.6% in 2024

In 2024, the Construction Price Index increased by 1.6 per cent compared to the average of 2023, according to … Read more

28.1.2025 | Estonia

Business festival sTARTUp Day kicks off tomorrow 

Business festival sTARTUp Day kicks off tomorrow 

From January 29 to 31, Tartu will host sTARTUp Day 2025, a business festival that brings together startup founders, … Read more

28.1.2025 | Estonia

Tallink Star returns to serve a new route

Tallink Star returns to serve a new route

Tallink Star will return to Estonia and begin operations on the Paldiski-Kapellskär route from February 9. Having been chartered … Read more

26.1.2025 | Estonia

Estonia’s Population Declines in 2024

Estonia’s Population Declines in 2024

According to preliminary data from Statistics Estonia, Estonia’s population on January 1, 2025, stood at 1,369,285, marking a decrease … Read more

23.1.2025 | Estonia

Compound names gain popularity in Estonia

Compound names gain popularity in Estonia

The popularity of compound names has risen significantly in Estonia since the country regained independence. In recent decades, nearly … Read more

22.1.2025 | Estonia

Estonia opens homes for displaced foster families in Ukraine

Estonia opens homes for displaced foster families in Ukraine

Estonia has opened two family-style small group homes in Zhytomyr, Ukraine, to support foster families displaced by the war. … Read more