COGNICURRENT

Latvia's national airline 'airBaltic' has no current plans to cancel flights despite rising fuel prices and is preparing for the summer flight season.

The value of airBaltic bonds has dropped significantly due to rising fuel prices and the company's limited hedging against these costs.

The Latvian Minister indicated that investment in airBaltic is contingent upon a solid plan for financial gains as the airline faces significant losses and postpones its IPO plans.

Experts say that airBaltic's decision to halt its IPO is tied to leadership changes within the company.

Latvian airline airBaltic has canceled all its scheduled flights to Dubai until late October 2026 due to security concerns in the Middle East.

Latvia's transport minister Atis Švinka emphasizes the need for clear strategies for airBaltic to attract capital, especially in light of ongoing geopolitical tensions.

Latvia's Minister of Transportation emphasizes the need for airBaltic to attract private capital and considers a stock exchange listing essential for the airline's future.

airBaltic reported losing an Airbus 220-300 aircraft due to serious heat damage, resulting from an unusual incident.

airBaltic reports significant losses and requires additional funding of 100-150 million euros for the upcoming year due to rising costs and market uncertainty.

airBaltic reported a loss of one Airbus A220-300 aircraft due to significant thermal damage, resulting in financial losses of 6.2 million euros for 2025.

Rungainis emphasized that airBaltic should focus on finding a strategic investor in 2023, especially considering Lufthansa's current stake in the company and the uncertainties facing the aviation industry.

airBaltic continues to operate at a loss and is seeking additional funding to address its financial challenges.

Latvian airline 'airBaltic' currently has no plans to raise ticket prices despite increasing fuel costs.

airBaltic has paused its potential IPO and forecasts requiring additional funding of €100 to €150 million to support its operations in 2026-2027 due to expected negative cash flow.

Latvia's national airline, airBaltic, has submitted an invoice to the Foreign Ministry for repatriation flights from Dubai, with the state covering 402,250 euros for four flights.

airBaltic has suspended its IPO process and anticipates a need for additional funding of €100-150 million to support its operations in 2026.

airBaltic has suspended its IPO process while anticipating a negative cash flow in 2026, necessitating an additional capital injection of €100 to €150 million for operations.

airBaltic reported a loss of 44.3 million euros last year, but increased its revenue by 4.2% to 779.3 million euros.

Latvia's national airline airBaltic reported losses of 44.3 million euros in the previous year, which is significantly less than the previous year's losses.

airBaltic reported a 4% increase in revenue, although losses were still at 44.3 million euros due to various operational and external factors.

Latvia's national airline airBaltic has successfully completed repatriation flights, bringing 569 Latvian citizens and their families back from Dubai amid ongoing regional crises.

Latvia's national airline airBaltic completed its fourth repatriation flight from Dubai on Sunday evening, bringing back 145 passengers to Latvia.

On Sunday morning, Riga welcomed the third repatriation flight from Dubai by the national airline airBaltic.

Latvia's national airline airBaltic has successfully repatriated citizens from Dubai, with the first two flights arriving in Riga amid mixed feelings of joy and exhaustion.

airBaltic is set to operate a fourth repatriation flight from Dubai to Riga to assist Latvian nationals amidst the current situation in the Middle East.

The first two repatriation flights of Latvia's national airline airBaltic from Dubai have landed in Riga, both flights were fully booked.

Two repatriation flights operated by airBaltic from Dubai to Riga have been scheduled, one of which was delayed and both are fully booked.

airBaltic is set to operate its third repatriation flight from Dubai to Riga on Saturday evening, March 7.

airBaltic has extended the suspension of flights to and from Dubai until mid-March and to and from Tel Aviv until the end of March due to safety concerns in the Middle East.

airBaltic has announced the details for its second repatriation flight from Dubai to Riga, scheduled for March 6.

airBaltic is set to operate a special repatriation flight from Dubai to Riga on March 6, 2026, to assist Latvian citizens affected by the current situation in the Middle East.

The Latvian government has designated 752,000 euros for the repatriation of its citizens from the UAE, with a 350 euro co-payment for each passenger.

The Civil Aviation Agency of Latvia is struggling to forecast the timing of evacuation flights from the Middle East due to volatile conditions, despite ongoing assessments and cooperation with airlines.

Latvia's Ministry of Foreign Affairs will reach out to priority travelers once 'airBaltic' confirms its flight from the UAE, focusing on repatriating citizens, especially vulnerable groups.

Latvia's Foreign Ministry is arranging a repatriation flight from the UAE, prioritizing vulnerable individuals and families with children amid ongoing concerns about safety in the region.

Latvia's Ministry of Foreign Affairs is in discussions with the national airline 'airBaltic' about resuming flights to the Middle East when the security situation allows.

Over 500 Latvians are stranded in the Middle East, primarily in the United Arab Emirates, due to the ongoing conflict.

airBaltic has temporarily suspended flights to and from Dubai due to safety concerns and regional airspace restrictions.

airBaltic has canceled all flights to and from Tel Aviv, prioritizing passenger and crew safety amid recent regional tensions.

Latvia's national airline airBaltic has canceled all flights to and from Tel Aviv until March 4 due to the unstable situation in Israel.

Passengers on an airBaltic flight from Dubai endured significant delays and inadequate service due to technical failures, resulting in a prolonged travel experience.

A total of 26 candidates have applied for three board member positions at the Latvian national airline airBaltic, according to the Ministry of Transport.

Latvia's national airline, airBaltic, has received its 53rd Airbus A220-300 aircraft, enhancing its fleet for both its routes and ACMI services in European markets.

Latvian national airline airBaltic does not predict delays for its upcoming Monday flights from Riga after facing some disruptions due to freezing fog earlier in the morning.

Latvia's Finance Minister Arvils Ašeradens stated that currently, seeking investors for airBaltic is a more viable path than going public on stock exchanges, highlighting the urgency of attracting new funding within the first half of the year for the airline's continued operation.