Pandemic Pushes AirBaltic $218M Into The Red

Credit: Airbus / Olivier Cote
AirBaltic has posted a €184.8 million ($218 million) first-half (H1) net loss, nearly seven times deeper than the net loss the Latvian carrier recorded for the same period in 2019. During H1 2020, airBaltic carried 64% fewer passengers year-over-year, causing revenue to plummet 62% to €82.5 million...

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