airBaltic revenues increase in 2021

Latvian airline airBaltic reported that airBaltic Group’s revenue reached €204.1 million in 2021, up 41% compared to the previous year. Martin Gauss, Chief Executive Officer of airBaltic: “For much of 2021, we still saw changing travel restrictions and a continuation of the largest crisis in aviation history. airBaltic was able to fly more, though, and reduced its net loss almost twice compared to 2020. Notably, the company carried 1.63 million passengers, which is up 21% compared to the previous year, to and from the Baltics as it increased frequencies on key business routes. In 2021, despite a very challenging year for the aviation industry, we managed to show a positive EBITDAR of €0.3