Latvian national airline 'airBaltic' has announced that it will not increase ticket prices in response to rising fuel costs due to geopolitical tensions in the Middle East. During a recent investor call, the airline's CFO, Vitolds Jakovļevs, noted that fluctuations in global oil and aviation fuel markets had intensified, but the airline has managed to secure about 10% of its fuel consumption at a fixed price, mitigating short-term impacts from these price changes.

Jakovļevs further elaborated that the total fuel consumption for the remainder of the year amounts to 165,000 tons, with 17,000 tons already fixed at a price of 567 euros per ton. This strategic approach allows 'airBaltic' to navigate the turbulent fuel markets more effectively and retain its current pricing structure without passing costs onto passengers at the moment.

Additionally, the airline is in discussions with key partners and shareholders to secure additional working capital to cushion any potential impacts from high fuel prices in the near future. Typically, airlines opt to transfer a portion of fuel costs to passengers during such market conditions, but 'airBaltic' has stated there is currently "no specific plan" to do so, indicating their commitment to maintaining customer prices.