airBaltic Reports Second Quarter 2025 Net Profit of €27.6 Million
- Joe Breitfeller
- Aug 13
- 2 min read
airBaltic has reported a second quarter 2025 net profit of €27.6 million on a year-over-year increase in revenue of 4.8 percent to €216.9 million.
On Wednesday (August 13, 2025), airBaltic reported their second quarter financial results for the period ending June 30, 2025. The carrier has reported a second quarter net profit of €27.6 million on a year-over-year increase in revenue of 4.8 percent to €216.9 million. For the first half of 2025 (H1), airBaltic reports a net loss of €1.7 million, down from a net loss of €88.1 million during H1 2024, on a record first half-year revenue of €349.6 million.
In Wednesday’s announcement, airBaltic’s Interim CEO and COO, Pauls Cālītis, said,
“The results of the first half of 2025 show the resilience of our operations and the consistent demand for our services, as well as the reliability we have ensured in our operations. Even with ongoing challenges – including engine availability and cost pressures – the company sustained stable performance and continued to grow. These results confirm the strength of our business model and our role as a key provider of connectivity in the Baltics and beyond.
“Looking ahead, our focus remains on improving efficiency and operational performance, while preparing the company for long-term opportunities – including a potential IPO. With strong forward bookings, an expanded network, and growing ACMI operations, we are well-positioned for the second half of the year.”
Established in 1995, Air Baltic Corporation SA (airBaltic) is a joint stock company with most of the equity (97.97%) held by the Latvian state and the remaining 2.03% held by other shareholders. Lufthansa Group plans on taking a minority stake in the company by Q2 2025, subject to regulatory approval. One of the most punctual carriers in the world, the airline connects the Baltic region with over 130 routes from Riga, Tallinn, Vilnius, Tampere, and seasonally from Gran Canaria to more than 80 destinations in Europe, the Middle East, North Africa and the Caucasus region. The carrier operates a single fleet type of 50 Airbus A220-300s, and plans on expanding their A220-300 fleet to 100 aircraft by 2030. The airline Group also includes Air Baltic Training SIA, Loyalty Services SIA, Baltijas Kravu Centrs SIA and Crew Resources AS. airBaltic currently employs over 2,800 team members.
Source: airBaltic
