airBaltic sees a drop in flight bookings due to Ukraine war

Since the Russian invasion of Ukraine, the number of reservations for flights of the Latvian national airline airBaltic has decreased by 30%, Martins Gauss, executive director of airBaltic, told Latvian Television on March 8.

“In the last 11 days we can see a fall in the number of bookings, people are more cautious, the drop was 30% last week,” Gauss said.

Gauss indicated that the suspension of flights to Russia and Ukraine would have a significant impact on the company's operations. “Overall revenue from Russia and Ukraine was 9% of our total revenue this year. In the long term, this is, of course, an important market, because we are on the border with Russia, and many passengers were traveling west from there. This will have a significant impact on the company.” 

He said that the decision to leave the Russian market was final for the time being:

“We have abandoned the Russian market, we will no longer serve Russia. We have given a clear indication that this [Russian aggression] is not acceptable for our industry. The decision to leave the Russian market is final for the time being. We have canceled all flights in the foreseeable future.” 

Asked about price changes for passengers, Gauss said no price changes are expected for the time being.

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