airBaltic reports €128.2 million loss in H1 2026 amid higher fuel costs
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airBaltic Group posted a loss of €128.2 million in the first half of 2026, up from a €1.7 million loss in the same period of 2025, while revenue in the second quarter reached €250.1 million, 15.3% higher than a year earlier. The airline carried 1.41 million passengers on its scheduled network, a 3.2% increase over the previous year.
Total flights, including ACMI operations, rose 19.1% to 27.2 thousand, and fuel expenses in the second quarter jumped 79.6% to €66.1 million compared with the same period last year. Higher fuel prices forced the carrier to cancel about 5.7% of its March–October schedule, contributing an estimated €29.3 million negative impact on the quarter’s financial results.