Latvia’s Riga International Airport (RIX) served a total of 5.32 million passengers in the first nine months of 2026, which was as many as in the same period of 2025, LETA reported. Transit passengers accounted for 22% of the total, which was up from 20% a year earlier. Latvia’s national airline, airBaltic, accounted for 59%…
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…
Latvia’s ailing national airline, airBaltic, will stop flights from Riga to Innsbruck altogether, suspend flights to Bucharest, Budapest, Oulu, and Sofia, and reduce flights to Copenhagen, Madeira, Munich, Oslo, Prague, and Vienna in the winter season of 2026/2027, LETA reports. Earlier, the airline announced that it would suspend flights on more than ten other routes….
The Latvian parliament, the Saeima, has approved in an extraordinary session an urgent law that allows the state to bail out the country’s ailing national airline, airBaltic, LSM reports. The law, which was rushed through parliament in just one day, will allow the government to acquire around EUR 30mn of more airBaltic bonds. Also, the…
The Latvian government has decided to extend the repayment period on a EUR 30mn emergency loan issued to the country’s national airline, airBaltic, until the end of 2026, LSM reports. The loan was due by the end of August 2026. Also, the government gave conceptual approval to buying an additional EUR 30mn of airBaltic’s bonds…
The Latvian government said that the financial situation of the country’s national airline, airBaltic, was “very serious,” LSM reports. Earlier, S&P Global Ratings lowered airBaltic’s credit rating from CCC+ to CCC- with a negative outlook, LRT reported. The agency noted that airBaltic’s had insufficient funds to cover its financial obligations and the government may not…
Latvia’s national airline, airBaltic, will reduce flights from Lithuania in winter 2026/2027, BNS reports. The company will suspend flights from Vilnius to Berlin and Dubai, and from Palanga to Tenerife. Also, airBaltic will have less flights from Vilnius to Tallinn. Edvards Dalderis, spokesman of airBaltic, insisted that the reductions were not related to the company’s…
The Estonian state expects the state-owned airport operator, Tallinn Airport, to attract new airlines and to offer regular flights to at least 60 destinations by 2030, ERR reports. Tallinn Airport should serve 5 million passengers per year by 2030, according to the new guideline document signed by Infrastructure Minister Kuldar Leis. Tallinn Airport operates seven…
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,…
