Rīga airport sustained losses of nearly EUR 16 million in 2020

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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