Latvia’s national airline, airBaltic, has published its 2025 financial and operational results, showing an increase in both revenue and passenger numbers.
Financial Performance in 2025
AirBaltic’s airline revenue increased by 4% from 2024, reaching €779.3 million, with reports showing that in 2025 the airline operated a total of 78,400 flights.
Despite the rise in revenue and flight numbers, the airline’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) decreased in 2025 to €143.9 million, down from €184.2 million the previous year. The lower EBITDA is reportedly due to higher operating costs in 2025, maintenance issues, and the use of wet-leased aircraft.
Passenger Growth and Infrastructure
Erno Hildén, president and CEO of airBaltic, stated:
“2025 was a challenging year operationally; however, despite high costs and disruptions, we saw steady demand for our services.”
This is reflected in the company’s performance, as airBaltic’s ACMI (Aircraft, Crew, Maintenance, and Insurance) operations expanded, contributing to increased aircraft utilisation and greater revenue diversification.
The airline’s fleet grew to 51 Airbus A220-300 aircraft, confirming airBaltic’s position as the largest global A220-300 operator. Further investments were made in training, maintenance, and cargo infrastructure during 2025.
Outlook for 2026
Looking ahead into 2026, airBaltic expects its operational and commercial performance to strengthen, supported by improved fleet availability, the planned delivery of additional aircraft, and continued growth across both network and ACMI operations.
Starlink high-speed onboard connectivity will give travellers internet access. In addition, the network will expand with new routes and more frequent flights across the Baltic capitals. These developments are expected to enhance the customer experience and support revenue growth.
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