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.
| Position | 2022 | 2021 | Change |
| Revenue | EUR 500.17 million | EUR 204.1 million | 145% |
| EBITDAR | EUR 129.7 million | EUR 0.3 million | EUR 129.4 million |
| Operating profit / (loss) | EUR 32 million | EUR (56.0) million | EUR 88.0 million |
| Net result | EUR (54.2) million | EUR (135.7) million | EUR 81.5 million |
| Passengers | 3.34 million | 1.63 million | 105% |
| Flights | 37.3 thousand | 23.4 thousand | 59% |
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.
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