The Latvian government held an extraordinary meeting of ministers to discuss the Ministry of Transport’s report on the current situation of the country’s ailing national air carrier, airBaltic, on 30 July 2026, LSM reported. The government nominated the State Treasury to represent the state at airBaltic’s bondholder meeting on 3 August 2026. At the meeting,…
Latvia’s Prosecutor General’s Office (LRP) has opened an investigation into national air carrier airBaltic’s finances, following a request from Prime Minister Andris Kulbergs, LETA reports. The investigation will assess whether decisions taken in relation to airBaltic’s financial situation have been in compliance with the law. LRP carried out a similar investigation in late 2024, but…
Lithuania is drawing up a contingency plan in the event that Latvia’s national airline, airBaltic, reduces flights or withdraws entirely from Lithuania, Transport Minister Juras Taminskas announced, BNS reports. Earlier, Latvian Finance Minister Maris Kucinskis said that airBaltic would likely need to reduce its operations. Taminskas said that a sudden suspension of airBaltic’s flights would…
The Latvian government is in talks with a strategic investor for the country’s ailing national airline, airBaltic, Prime Minister Andris Kulbergs revealed, Reuters reported. He said that the potential investor was “a serious partner,” but refused to indicate what stake the investor could acquire. The state’s main condition was that the investor maintain airBaltic’s hub…
Lithuania’s incoming new coalition government may try to resume official dialogue with neighbouring Belarus on reopening transport links and trade, The Baltic Sentinel reports. Political analyst Vytautas Bruveris noted that many rural voters of the Lithuanian Social Democratic Party (LSDP) and the Lithuanian Union of Farmers and Greens (LVZS), especially in eastern Lithuania, were tired…
The Latvian government needs to make a decision on the future of the country’s national airline, airBaltic, in summer 2026, Prime Minister Andris Kulbergs stated, LETA reports. Speaking in an interview with TV3, Kulbergs said that airBaltic remained a strategic state asset, but stressed that taxpayer money could no longer be the sole support for…
Latvia’s Riga International Airport (RIX) posted an audited profit of EUR 4.2mn in 2025, which was up EUR 0.8mn from 2024, The Baltic Times reported. The airport’s annual net turnover totalled EUR 80.7mn, which was up 3.9% over a year. Revenue from aviation services amounted to EUR 47.3mn (up 5.4%) and from non-aviation services to…
Passenger traffic by land and sea transport increased in Latvia in 2025, according to the Central Statistical Bureau (CSP), LSM reported. The number of passengers on land transport totalled 192.4 million in 2025, which was up 0.6% from 191.2 million in 2024. The number of passengers on regular bus lines amounted to 97.6 million (down…
Latvia’s national air carrier, airBaltic, suffered a loss of EUR 70.1mn in the first quarter of 2026, which was 2.4 times more than in the first quarter of 2025, when the company’s loss stood at EUR 29.348mn, LETA reported. The airline’s quarterly EBITDAR amounted to EUR 7mn, which was up from a loss of EUR…
