October 21, 2020

EU CHRONICLE

News from the European Union

airBaltic losses due to COVID-19 reaches to 184.77 million

Due to Coronavirus crisis, revenue and the number of passengers carried by the Latvian airline airBaltic has significantly decreased, and according to airBaltic‘s unaudited consolidated financial results for the first six months of 2020, the group suffered loss of EUR 184.8 million, the airline reports.

During the first six months of 2020, the revenue of the group reached EUR 82.5 million or 62% less than during the same period last year.

The number of passengers carried, and flights performed by the airline decreased by 64% and 58% respectively.

Pic Credit: https://commons.wikimedia.org/wiki/File:Air_Baltic_DHC-8-Q400_YL-BAF_at_Turku_Airport.jpg

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