airBaltic Group posts EUR 264.6 million loss for 2020
airBaltic Group posts EUR 264.6 million loss for 2020 2021-04-15 LETA/TBT Staff RIGA - The group of Latvia's airBaltic national carrier closed 2020 with EUR 142.6 million in turnover, down 72 percent from the year before, while its loss expanded 29 times on year to EUR 264.6 million, according to information released by the company. The group's EBITDAR, or operating loss before interest, taxes, depreciation, amortization, and restructuring or rent reached EUR 152.3 million in contrast to profit the year before. The turnover of the group's parent Air Baltic Corporation shrank 73 percent from...
Source: baltictimes.com