airBaltic has this week announced the addition of new flights to Hamburg and Lisbon from it’s operation in Vilnius, Lithuania.
The Latvian carrier continues to grow it’s presence out of the Baltic states, providing significant connectivity.
Without further ado, let’s get into it…
The New Flights from Vilnius…
The new flights to Lisbon and Hamburg will add a further four weekly flights from Vilnius by airBaltic.
Such proposed plans for these flights are as follows:
| Destination served | Starting date | Flight frequency |
|---|---|---|
| Vilnius – Hamburg (Germany) | May 2, 2024 | 2 flights weekly |
| Vilnius – Lisbon (Portugal) | May 4, 2024 | 2 flights weekly |
Mantas Vrubliauskas, Vice President Network Development at airBaltic had this to say on the new flights:
“Vilnius is one of airBaltic home cities, and we are committed to further improving the connectivity to and from city.”
“The new routes will provide passengers with more variety when it comes to leisure and business travel.”
“We are grateful to Lithuanian Airports and our local partners for their cooperation over the years, supporting the airBaltic expansion in Lithuania.”
Adding to this was Simonas Bartkus, CEO of Lithuanian Airports:
“We are successfully continuing our proven track record of route development with the expansion of our risk-sharing model.”
“Together with our partners, we are investing in high-quality air connectivity between Lithuania and key European aviation hubs.”
“Lisbon, the capital of Portugal, serves as a particularly crucial link for intercontinental travel.”
“Additionally, Hamburg, a prominent German city and port, presents significant business opportunities, facilitating the opening of new routes to destinations worldwide.”
Continued Expansion Following Record Profits…
The new Lisbon & Hamburg flights from Vilnius are reflective of airBaltic’s continued expansion following record profits.
airBaltic has this week reported a €34 million profit, which is the highest in the airline’s history.
The numbers that airBaltic have provided in their financial statement is as follows:
| Position | 2023 | 2022 | Change |
|---|---|---|---|
| Revenue | EUR 668 million | EUR 500 million | 34% |
| EBITDAR | EUR 159 million | EUR 83 million | EUR 76 million |
| Profit / (loss) | EUR 34 million | EUR (54) million | EUR 88 million |
| Passengers | 4.5 million | 3.3 million | 36% |
| Grand total flights* | 65.5 thousand | 50.4 thousand | 30% |
It’s successes like this that are fuelling additional growth at the Latvian carrier.
Overall…
It remains clear that the expansion will continue for quite sometime with airBaltic.
Flights to the likes of Hamburg and Lisbon will further connect Vilnius to the rest of Europe, which is good news all around.
As the Latvian carrier continues to receive more Airbus A220-300s, further route expansion will follow with that.
All eyes will be on how the airline’s 2024 performs moving forward.
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