airBaltic cuts 2025 net loss 40% to €44.3m as ACMI wet‑lease expansion drives record revenue
Latvian carrier airBaltic cut its 2025 net loss by 40% to €44.3m while posting record revenue (€779.3m) and carrying a record 5.2 million passengers as it pivoted toward expanded ACMI wet‑lease operations. The wet‑lease push boosted top‑line growth but the airline remained loss‑making.