airBaltic reports 3 million total passengers in Q2 but fuel costs drive losses higher
Written by AI from 1 report listed below. Not checked by a person before publication. How we use AI
airBaltic said its own network carried 1.41 million passengers in the quarter, a 3.2 % increase, while total passengers including ACMI operations reached 3 million, up 17 % from the previous year.
Quarterly revenue rose 15.3 % to €250.1 million, but fuel spending jumped 79.6 % to €66.1 million, creating an estimated €29.3 million fuel impact; the airline also recorded a €21.2 million foreign‑exchange loss after a €65.7 million gain in the prior year. Adjusted EBITDAR fell to €34 million from €50.9 million, and the carrier cancelled about 5.7 % of its schedule planned between March and October.
Why it matters
Higher fuel costs and schedule cancellations reduced airBaltic’s profitability despite passenger growth, signaling pressure on margins for carriers facing volatile fuel prices.
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