Latvia’s airBaltic says 2022 revenue topped €500 million

Riga-based airBaltic said it recorded “operating earnings” of €32 million in 2022 and 145% revenue growth to just over half a billion euros, leaving it with a net loss of €54.2 million. The loss was a “significant improvement” of around €81 million on 2021, the carrier said, with its EBITDAR increasing from €300,000 to €129.7 million. Passenger numbers hit 3.3 million, representing a growth of 105% increase on 59% more flights.  “With more than half a billion euros in revenue and 3.3 million passengers, airBaltic is on the way back to persistent profitability,” said chief executive Martin Gauss. “Looking ahead