airBaltic said on Monday that its "pre-exceptional net income" for the third quarter of the year hit €17.1 million - results that mean it is "on the way back to profitability" after being hit hard by Covid pandemic travel curbs.
The Latvian carrier said that its"unaudited consolidated financial results" for the first nine months of 2022 showed it accruing €362.5 million revenue - up by 172% on last year as passenger numbers climbed by 133% and the number of flights by 88%.
For Martin Gauss, president and chief executive, the results showed airBaltic to be recovering from the impact of the pandemic. But, he warned, market conditions had been "changed" by "the war in Ukraine with all its consequences" for supply chains and fuel prices.