airBaltic has had a busy start to the month for news, with a new route announcement, financial results for Q3 2025, and updates regarding its Pilot Academy.
The financial results for Q3 2025 show a significant uptake year-on-year, with a net profit of EUR six million compared to EUR -34.3 million in 2024, and revenue of EUR 244.7 million, an increase of +3.7% from the same period last year. However, the report highlighted a decline of -5.1 per cent in passenger numbers, transporting 1.5 million people in Q3. This was offset by an increased ticket yield of 10.7 per cent.
Overall, in Q3 2025 the airline operated 13.4 thousand flights, and ACMI-out flights increased by 10.8% to 10.5 thousand, amounting to a total of 23.9 thousand flights.
“The third quarter remains pivotal for airBaltic, and this year we continued to operate under a complex environment shaped by engine supply constraints and cost pressures,” said Pauls Cālītis, Interim CEO and COO of airBaltic. “While passenger numbers in Q3 were slightly lower than last year, mainly due to network optimisations, we increased ticket yields, continued to grow revenue and strengthened our ACMI strategy. These improved results show that our operating model can adapt even in challenging market conditions.”
He continued: “Looking ahead, our priority is to maintain operational resilience and financial stability, ensuring airBaltic can continue delivering reliable services despite market challenges. By optimising processes, improving fleet efficiency, and enhancing the passenger experience, we are strengthening the company for sustainable results and long-term competitiveness.”
airBaltic has also announced a new route between Gran Canaria and Molde, Norway, which will operate once a week from now until April 2026.
“The new route between the two cities is expected to attract more tourists from Norway to Gran Canaria during the colder months, when travellers in Northen Europe are seeking sunny and warm destinations, while also providing residents of Gran Canaria the opportunity to explore Norway’s stunning nature landscapes,” commented Thomas Ramdahl, Chief Commercial Officer at airBaltic. “We are grateful to our partners in Gran Canaria for supporting this expansion, which improves the island’s connectivity to a variety of destinations in Europe.”
In addition, the airline welcomed a new group of 17 students to its Pilot Academy on 5 November, representing the 28th group of students to begin their commercial pilot license training. The Academy is currently training 158 students, and since its establishment, 163 graduates have joined the airline and four have become Captains. The ATPL theory studies and first 45 flight hours cost the students EUR 25,000, after which point the airline offers a loan for the continuation of their studies.
Photo: airBaltic
