airBaltic reports full year loss

airBaltic reports full year lossairBaltic reports full year lossairBaltic reports full year loss

Due to the historical negative impact caused by the Covid-19 pandemic, airBaltic group closed 2020 with a revenue of €143 million, which was 72% less than the year before. The group’s net result was negative €265 million. Despite the severe travel restrictions, airBaltic carried 1.34 million passengers. Martin Gauss, Chief Executive Officer of airBaltic: “We saw a dramatic change last year, but airBaltic’s 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. Last year, in the wake of the crisis, we significantly reduced our cost and adjusted the business

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