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airBaltic has reported a lack of €61.5 million for the primary half of the 12 months 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 12 months.
Simply 300,000 passengers travelled with the Latvian flag-carrier within the first half of the 12 months, down from 800,000 over the primary six months of 2021.
Martin Gauss, chief govt of airBaltic , mentioned: “Although our income within the first six months of 2021 has additional decreased, this summer season has seen extra promise, as we managed to hold a bigger variety of passengers than in summer season months of 2020 and cut back our internet loss 3 times in comparison with the six months of 2020.
“With the numerous value discount carried out in 2020 and focusing solely on the Airbus A220-300, we at the moment are in a a lot better place for the longer term return to regular.
“Our core imaginative and prescient for the longer term stays the identical – to be the primary service within the Baltics, offering the perfect connectivity to and from the area,” Gauss added.
Through the first six months of 2021, the income of the group reached €50 million or 40 per cent lower than throughout the identical interval final 12 months.
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