All Air Baltic articles – Page 2
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NewsAir Baltic cuts first-quarter loss as it looks towards IPO
Air Baltic improved its revenue performance and significantly cut its net loss in the first quarter of 2023, as the business saw positive outcomes from its mixture of own-brand flying and deals to operate capacity for other carriers.
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NewsAir Baltic optimistic after strong first-quarter revenue performance
Latvian carrier Air Baltic is optimistic over its prospects for the year after generating revenues of €104 million ($114 million) for the first quarter. The airline is aiming to reach €700 million for the full year and transport 4.4 million passengers. For the first quarter it carried 770,000 and load ...
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NewsA220 engine ‘in maintenance for 386 days’ but Air Baltic chief foresees improvement
Air Baltic has seen maintenance of the Pratt & Whitney PW1500G geared turbofans (GTFs) that power its Airbus A220-300 fleet take months longer than expected as supply-chain and labour challenges weigh on the MRO sector, but the airline expects the situation to improve.
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NewsAir Baltic chief reiterates interest in stretched A220 as options decision looms
Air Baltic would still consider taking a stretched version of the Airbus A220 – widely dubbed the A220-500 – should the variant become available in the right timeframe for its outstanding order options.
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NewsChatGPT already offering ‘immediate-term business benefits’ for airlines
The leaders of Air Baltic and Finnair have joined other industry chief executives in talking up ChatGPT’s potential to positively impact their businesses across a range of functions.
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NewsEngine MRO delays prompt Air Baltic to wet-lease four more aircraft
Air Baltic will take an additional four aircraft on short-term wet-lease to offset engine maintenance delays relating to its fleet of Airbus A220-300 jets.
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NewsAir Baltic revisits ‘Latvia’ colour scheme for latest A220
Air Baltic has taken its fleet of Airbus A220-300s to 40 aircraft, receiving the latest twinjet in a colour scheme reflecting the Latvian national flag. The airline unveiled the livery on the aircraft (YL-ABN) during a ceremony at Montreal Mirabel. It will join another A220 (YL-CSL) which already carries a ...
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NewsAir Baltic A220 inspected after landing incident in snowy Riga
Latvian carrier Air Baltic is inspecting one of its Airbus A220-300s after a landing incident at Riga during poor weather. The incident involved the airline’s BT694 service from Paris Charles de Gaulle, which touched down on runway 18 at 23:17 on 8 March. According to Air Baltic the aircraft’s nose-wheel ...
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NewsAir Baltic leasing A320s to protect schedule from supply-chain snags
Latvia’s Air Baltic is to underpin capacity for the summer by wet-leasing four Airbus A320s, aimed at protecting the airline’s flights from possible supply-chain problems. The twinjets, which will be supplied by charter carrier Avion Express, will be configured with an all-economy layout comprising 180 seats. Air Baltic operates a ...
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NewsAir Baltic returns to full-year operating profit
Latvian carrier Air Baltic has returned to full-year operating profit, with a surplus of €32 million ($34 million), although its net result remained negative with a loss of €54 million. Air Baltic generated revenues of just over €500 million – a level similar to that achieved in the pre-crisis 2019 ...
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Airline BusinessAircraft maintenance delays threaten to become 2023 theme
Kenya Airways this week became the latest airline to bemoan the impact of MRO delays on its ability to operate a full schedule – a global trend that could weigh on airline capacity in 2023.
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NewsAir Baltic posts profitable third quarter
Latvian carrier Air Baltic posted net profit before exceptionals in the third quarter as it sees an improvement in its financial results.
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NewsAir Baltic interim losses remain similar to last year’s figure
Latvian carrier Air Baltic has turned in first-half net losses of €59.3 million ($59.4 million), a similar level to the interim deficit of €61.5 million recorded last year. Air Baltic says its performance over the first six months has been “significantly impacted” by persisting complexities, notably the conflict in Ukraine. ...
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NewsSwiss to wet-lease up to six Airbus A220s from Air Baltic
Swiss will lease as many as six Airbus A220-300 aircraft from Air Baltic in order to “stabilise its schedules” in the coming months.
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NewsAir Baltic begins returning Dash 8s to lessor
Latvia’s Air Baltic has commenced the phase-out of its De Havilland Dash 8-400 turboprops, with initial returns to leasing company Nordic Aviation Capital. The redeliveries began on 20 July, the carrier disclosed during the Farnborough air show. Air Baltic expects to return all 12 of its Dash 8s to the ...
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NewsAir Baltic chief calls on OEMs to resolve parts shortages that are grounding A220s
Air Baltic chief executive Martin Gauss has called on engine and aircraft manufacturers to find solutions to the supply-chain issues that are continuing to ground the carrier’s Airbus A220s for prolonged periods during maintenance.
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NewsAir Baltic chief sees potential role for Airbus A321XLR
The Airbus A321XLR is of interest to Air Baltic in the longer term, according to the carrier’s chief executive Martin Gauss, as the carrier considers options to extend its reach.
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NewsAir Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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NewsSome Air Baltic A220s will be wet-leased to other airlines ‘for foreseeable future’
Latvian carrier Air Baltic will potentially wet-lease a proportion of its Airbus A220-300 fleet to other carriers for a number of years, as its home markets recover from the pandemic and it adjusts its network in response to the Russia-Ukraine war.
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Airline BusinessAir Baltic chief on Ukraine solidarity, Russia exit, airspace closures and IPO plans
Martin Gauss is running an airline based in a country – and operating from two others – whose proximity to Russia in geographical and historical terms heightens both the emotional and, in some cases, practical effects of the conflict.
