🇱🇻airBaltic: aircraft keep arriving
airBaltic has published its 2025 financial and operational results. The airline reports record passenger numbers and stable revenue, while remaining loss-making despite a reduction in net losses compared with the previous year.
Data card
Revenue
€779.3 million (+4% YoY)
Net result
–€44.3 million
(2024: –€118.2 million)
Passengers carried
5.2 million (record)
Total flights
78,400 (+7%)
ACMI flights
30,100 (+15%)
Load factor
80.2%
Fleet
51 aircraft Airbus A220-300
Long-term fleet plan
up to 99 Airbus A220-300
What the numbers suggest
Operationally, the airline continues to expand, with passenger numbers and flight activity reaching record levels.
At the same time, the company remains loss-making, even as losses narrowed compared with the previous year.
ACMI operations — leasing aircraft with crew to other airlines — are becoming a larger part of the business model. A growing share of the fleet now works on the wider European market rather than only on the Baltic network.
For a country of roughly 1.8 million people, the scale of the fleet and future deliveries raises a structural question about the future size of the national carrier.
The discussion about a potential IPO has been ongoing for more than a year.
Meanwhile, aircraft deliveries continue.BSM © 2026
Image: photos/photo_218@11-03-2026_19-59-30.jpg