
airBaltic Faces 2024 Net Loss Over Engine and Supply Chain Issues
Despite a 12% revenue increase to EUR 748 million in 2024, airBaltic reported a EUR 118.2 million net loss. The Latvian carrier struggled with Pratt & Whitney PW1500G engine maintenance, supply chain challenges, and macroeconomic downturns, impacting its Airbus A220 fleet's overall operational performance.