airBaltic records EUR 32 million operating profit in 2022

airBaltic Airbus A220-300 (Bombardier CS300 – BD-500-1A11) YL-ABG (msn 55154) ZRH (Rolf Wallner). Image: 960146.

airBaltic has published its annual consolidated financial results and the sustainability report of the year 2022, highlighting strong positive business indicators. The company recorded operating earnings of EUR 32.0 million, a significant increase from the previous year. Furthermore, its revenue exceeded EUR 500 million – a 145% year-over-year growth.

In addition, airBaltic achieved significant improvements in other key financial results. EBITDAR increased from EUR 0.3 million in 2021 to EUR 129.7 million in 2022 – an improvement of EUR 129.4 million. However, the number of passengers climbed to 3.3 million, representing a growth of 105% over the previous year. Moreover, airBaltic operated 59% more flights than in 2021, with a total of 37.3 thousand in 2022. The net result improved by EUR 81.5 million to a net loss of EUR 54.2 million, showing a strong recovery.

Position20222021Change
RevenueEUR 500.17 millionEUR 204.1 million145%
EBITDAREUR 129.7 millionEUR 0.3 millionEUR 129.4 million
Operating profit / (loss)EUR 32 millionEUR (56.0) millionEUR 88.0 million
Net resultEUR (54.2) millionEUR (135.7) millionEUR 81.5 million
Passengers3.34 million1.63 million105%
Flights37.3 thousand23.4 thousand59%

airBaltic provides flights to more than 70 destinations from Riga, Tallinn, Vilnius and Tampere

Top Copyright Photo: airBaltic Airbus A220-300 (Bombardier CS300 – BD-500-1A11) YL-ABG (msn 55154) ZRH (Rolf Wallner). Image: 960146.

airBaltic aircraft photo gallery:

airbaltic aircraft photo gallery