AirBaltic Blames 2024 Net Loss On Pratt Engine Depreciation

airbaltic a220-300
Credit: Joe Pries Aviation
AirBaltic posted a net loss of €118 million ($128 million) for 2024, a reversal of its €33.7 million net profit in 2023, saying external factors including €73 million in accelerated depreciation of Pratt & Whitney engines were behind the fall, but noting its revenues reached their highest-ever level...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

Subscription Required

 

AirBaltic Blames 2024 Net Loss On Pratt Engine Depreciation is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.