Rīga airport sustained losses of nearly EUR 16 million in 2020

Take note – story published 2 years ago

During the global pandemic and the resulting decrease in the number of passengers and flights, Riga International Airport ended the year 2020 with a loss of 15.85 million euros, according to the annual report published May 21.

Last year, the airport handled 2.01 million passengers, which is 5.8 million or 74% less than originally anticipated. The number of serviced flights dropped to 35.6 thousand, which is 59% less than a year before.

The company's net turnover in 2020, as compared to 2019, decreased by more than half or 54%: the airport closed the year 2019 with a turnover of almost 65 million euros, while it reached only 29.8 million euros in 2020. 

Last year, the airport's revenue from aviation services amounted to 15 million euros, which is a 63% decrease as compared to what was initially planned in the budget. Revenue from non-aviation services fell to 14.7 million euros last year, which is a drop of 39% as compared to the previous year. 

In 2020, Riga International Airport maintained its position as the largest airport in the Baltic countries, with a 43% market share of the total number of passengers served in the Baltics (Lithuanian airports – 39%, Tallinn – 18%), 40% of the total number of flights (Lithuanian airports – 34%, Tallinn – 26%) and 44% of the air cargo handled (Lithuanian airports – 38%, Tallinn – 18%).


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