airBaltic has recorded the highest ever revenue for the first half (H1) of 2023. The airline’s consolidated financial results for the first six months of 2023 reflects substantial preliminary revenue increase to €285 million recording about 49% growth as compared to the same time last year. airBaltic had recorded a revenue of € 191 million during the H1 of 2022.
The airline carried almost 2.0 million passengers, about 52% more than H1 of 2022. airBaltic operated 20,300 flights in H1 of 2023 almost 20% more than 16,900 flights operated in H1 of 2022.
Martin Gauss, president and chief executive, airBaltic said: “The first half of 2023 has surpassed our expectations, driving airBaltic towards strong commercial performance. We have been recording a strong summer season so far, with each passing month showcasing improvements with an upward trend. In comparison to the first six months of 2022, we see a significant growth in preliminary revenues, as well as passenger numbers and performed flights. Looking ahead, our target and ambition remains to achieve EUR 700 million in revenue and a substantial increase in passenger numbers - 4.4 million by the end of 2023.”
“Furthermore, our primary focus for the future remains to be the leading connectivity provider to and from the home cities of Riga, Tallinn, Vilnius, and Tampere. Here airBaltic has strengthened its positions and is committed to enhancing passenger experience and making a significant contribution to the economy,” Gauss added.
irBaltic operates more than 100 routes from Riga, Tallinn, Vilnius and Tampere, offering connections to a wide range of destinations in the airline's route network in Europe, Scandinavia, the CIS and the Middle East.