Latvia’s ailing national airline, airBaltic, recorded a loss of EUR 128.2mn in the first half of 2026, compared to a loss of just EUR 1.7mn in the same period of 2025, LETA reported. The aviation group’s revenues totalled EUR 399.2mn, which was up 14.2% from EUR 349.6mn in the first half of 2025. In the second quarter of 2026, airBaltic’s loss totalled EUR 58.1mn, compared to a profit of EUR 27.6mn a year earlier. The group’s quarterly revenues amounted to EUR 250.1mn, which was up 15.3% from the second quarter of 2025.
The airline carried a total of 4.4mn passengers in six months, which was 15% more than a year earlier. The number of passengers on airBaltic’s own routes totalled 2.5mn, which was up 3.9% over a year. The company operated 42,300 flights (up 16.2%), including 24,000 flights on own routes (up 5.0%) and 18,300 ACMI flights (up 35.0%). The average passenger load factor stood at 77.3%, which was down from 78.2% a year earlier. In the second quarter of 2026, airBaltic carried 3mn passengers, which was up 17% on year.