Today, airBaltic announced the launch of 16 new routes from its Baltic hubs, starting October 2024 through June 2025. The expansion includes new destinations across Europe and is part of the airline's growth strategy as it prepares for an IPO, with the Latvian government set to retain a 25% stake post-listing.
(Image Source)
airBaltic
(Image Source)
Today, airBaltic announced a major network expansion, introducing 16 new routes from its Baltic hubs between October 2024 and June 2025. The new routes, serviced by Airbus A220-300 aircraft, are:
From Riga (RIX), Latvia:
- Rzeszow (RZE), Poland, starting October 28, 2024
- Cluj-Napoca (CLJ), Romania, starting May 2, 2025
- Stavanger (SVG), Norway, from June 3, 2025
- Mykonos (JMK), Greece, from June 5, 2025
From Tallinn (TLL), Estonia:
- Barcelona (BCN), starting February 19, 2025
- Palma de Mallorca (PMI), starting April 13, 2025
- Hamburg (HAM), starting May 2, 2025
- Keflavik (KEF), Iceland, starting May 14, 2025
- Tirana (TIA), Albania, starting June 2, 2025
From Vilnius (VNO), Lithuania:
- Tel Aviv (TLV), from March 30, 2025
- Prague (PRG), from March 30, 2025
- Chisinau (KIV), Moldova, from April 2, 2025
- Rhodes (RHO), Greece, from April 2, 2025
- Valencia (VLC), Spain, from April 16, 2025
- Tirana (TIA), Albania, from June 3, 2025
- Ibiza (IBZ), Spain, from June 3, 2025
All routes will operate twice weekly, except Vilnius–Chisinau, Tallinn–Keflavik, and Riga–Mykonos, which will be serviced once a week.
airBaltic is also gearing up for an IPO. Following strong financial and operational results for the first half of 2024, including revenues of €339 million and EBITDA of €77 million, the Latvian government has approved a simplification of the airline’s share structure. This consolidation from four share types into a single type aims to enhance appeal to institutional and retail investors. The Latvian state, which currently holds approximately 97% of airBaltic, plans to retain a 25% stake post-IPO.
Source: airBaltic
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