airBaltic stays in the red for first half of the year

airBaltic has reported a lack of €61.5 million for the primary half of the yr because the Covid-19 pandemic continues to weigh on the aviation sector.

The determine is an enchancment on a lack of €185 million reported for a similar interval final yr.

Just 300,000 passengers travelled with the Latvian flag-carrier within the first half of the yr, down from 800,000 over the primary six months of 2021.

Martin Gauss, chief govt of airBaltic , stated: “Even although our income within the first six months of 2021 has additional decreased, this summer time has seen extra promise, as we managed to hold a bigger variety of passengers than in summer time months of 2020 and cut back our internet loss thrice in comparison with the six months of 2020.

“With the numerous price discount carried out in 2020 and focusing solely on the Airbus A220-300, we at the moment are in a significantly better place for the long run return to regular.

“Our core vision for the future remains the same – to be the number one carrier in the Baltics, providing the best connectivity to and from the region,” Gauss added.

During the primary six months of 2021, the income of the group reached €50 million or 40 per cent lower than throughout the identical interval final yr.

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