airBaltic stays in the red for first half of the year | News

airBaltic has reported a loss of €61.5 million for the first 50 % of the calendar year as the Covid-19 pandemic continues to weigh on the aviation sector.

The determine is an advancement on a loss of €185 million described for the exact interval previous yr.

Just 300,000 passengers travelled with the Latvian flag-provider in the 1st 50 % of the year, down from 800,000 over the very first six months of 2021.

Martin Gauss, main government of airBaltic , claimed: “Even though our revenue in the very first 6 months of 2021 has additional lessened, this summer has witnessed much more assure, as we managed to have a larger sized range of passengers than in summer season months of 2020 and cut down our net reduction three occasions as opposed to the six months of 2020.

“With the major charge reduction carried out in 2020 and concentrating only on the Airbus A220-300, we are now in a substantially much better position for the long run return to normal.

“Our core eyesight for the upcoming stays the very same – to be the range a person carrier in the Baltics, delivering the greatest connectivity to and from the area,” Gauss additional.

Through the initially 6 months of 2021, the income of the group arrived at €50 million or 40 for every cent less than all through the exact time period final yr.