Air Baltic encouraged by summer upturn and reduced first-half loss
Air Baltic has turned in an H1 net loss of E61.5m ($72.3m) but is encouraged by the upturn in bookings over the summer season. The airline’s revenues were down by 40% – to E50m – against the interim last year, as the six-month passenger figure sank. But the carrier’s chief, Martin Gauss, says that Air Baltic has been able to transport a larger number of passengers over the summer months than last year. Passenger numbers were up 90% in June and 38% in July, although these figures are measured against the crisis-affected baseline. Gauss also points out that the interim loss has been reduced by two-thirds compared with the E185m net deficit for H1 2020.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-08-30/unaligned/air-baltic-encouraged-by-summer-upturn-and-reduced-first-half-loss
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Air Baltic encouraged by summer upturn and reduced first-half loss
Air Baltic has turned in an H1 net loss of E61.5m ($72.3m) but is encouraged by the upturn in bookings over the summer season. The airline’s revenues were down by 40% – to E50m – against the interim last year, as the six-month passenger figure sank. But the carrier’s chief, Martin Gauss, says that Air Baltic has been able to transport a larger number of passengers over the summer months than last year. Passenger numbers were up 90% in June and 38% in July, although these figures are measured against the crisis-affected baseline. Gauss also points out that the interim loss has been reduced by two-thirds compared with the E185m net deficit for H1 2020.<br/>
