airBaltic Reports €4.2 Million Profit for First Nine Months of 2025
Latvia’s national airline, airBaltic, achieved a profit of €4.2 million during the first nine months of 2025, a significant turnaround from a €48.5 million loss in the same period last year.
Financial Performance
- Total revenue reached €594.3 million, marking a 3.3% increase year-on-year.
- Adjusted EBITDAR stood at €128.6 million.
- In the third quarter, profit was €6 million, while revenue amounted to €244.7 million — a 3.7% rise from the previous year.
Operational Results
- Passenger numbers grew by 1.7% to 3.9 million in the first nine months.
- The number of scheduled flights increased by 2.4% to 36.3 thousand.
- Total flights, including ACMI services, rose by 5.9%.
- In Q3 2025, airBaltic operated 13.4 thousand scheduled flights and 10.5 thousand ACMI-out flights — a 10.8% increase — reaching a total of 23.9 thousand flights.
Market Challenges
Although the number of passengers in the third quarter fell by 5.1%, a 10.7% rise in average ticket prices offset the decline, maintaining the company’s profit margin.
“The third quarter is an important period for airBaltic as we carry the most passengers and operate more flights than in any other period. This year we continued to operate in a challenging environment, impacted by engine delivery delays and cost pressures.”
Author’s Summary
airBaltic’s steady 2025 growth shows resilience, with rising revenues, improved margins, and operational adaptation to industry challenges.