Latvian airline airBaltic’s net loss hit €40.6 million in its first quarter 2024 report, marking a greater loss from the same period last year of €10.3 million.  Its CEO and president Martin Gauss said: “The airline experienced a net loss, primarily due to seasonal fluctuations and anticipated capacity limitations related to an unexpected Pratt & Whitney engine shortage in 2024.”   airBaltic read in its report: “Minimal negative impact due to engine issues are expected for most of 2024’s peak summer season. But an anticipated engine shortage will develop later this year, as peak production will drive flight hours and cycles.

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