airBaltic has reported a lack of €61.5 million for the primary half of the 12 months because the Covid-19 pandemic continues to weigh on the aviation sector.
The determine is an enchancment on a lack of €185 million reported for a similar interval final 12 months.
Simply 300,000 passengers travelled with the Latvian flag-carrier within the first half of the 12 months, down from 800,000 over the primary six months of 2021.
Martin Gauss, chief government of airBaltic , mentioned: “Though our income within the first six months of 2021 has additional decreased, this summer time has seen extra promise, as we managed to hold a bigger variety of passengers than in summer time months of 2020 and scale back our internet loss 3 times in comparison with the six months of 2020.
“With the numerous value discount carried out in 2020 and focusing solely on the Airbus A220-300, we at the moment are in a significantly better place for the long run return to regular.
“Our core imaginative and prescient for the long run stays the identical – to be the primary provider within the Baltics, offering the perfect connectivity to and from the area,” Gauss added.
In the course of the first six months of 2021, the income of the group reached €50 million or 40 per cent lower than throughout the identical interval final 12 months.