Air Baltic network and financial restructuring

AirBaltic seeks €225m financing amid fleet cut

AirBaltic held a bondholder meeting earlier this week that was cancelled due to lack of quorum.

A meeting of Air Baltic bondholders, which was intended to seek short-term financing, was canceled earlier this week because a quorum was not reached. A new meeting has been scheduled for August 17.

Air Baltic suspends Tallinn to London Gatwick flights for winter

Air Baltic reported losses of €44.34 million last year.

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AirBaltic's previous business plan aimed at steady growth and fleet expansion to 100 aircraft in preparation for a public offering.

Prior to its recent strategic shift, AirBaltic's business plan was designed to prepare the state-owned carrier for a public offering. This earlier strategy envisaged steady growth in passenger numbers and ticket revenues across the Baltic states and wider European markets.

Estonia's Nordica was wound up.

In 2024, Estonia's own Nordica was wound up.

Air Baltic revenues increased compared with 2024.

Air Baltic reported revenues of €779.34 million, marking a 4.2 percent increase compared with 2024.

However, the airline also reported losses of €44.34 million over the course of the last year.