Air Baltic information

[patituri]

Originally Posted by FlyingZiggy

I would love to know why all you guys are talking about bankruptcy? What are your sources? Where do these rumours come from? Looking at their numbers from Q3, it does not look that bad, to be honest.
No offense - I am just trying to understand.

Plenty of sources. Just read this article by the Estonian Toomas Peterson, who has been the head of both Estonian Air and the Estonian Civil Aviation Administration (Lennuamet)
https://news.err.ee/1609425802/aviat...-at-some-stage

Some interesting points
airBaltic, which reported a loss of almost €90 million for the first half of 2024..

"The biggest negative signal actually was that they got a loan from the market at only 14.5 percent interest, which is still terrible these days. Basically, it shows that it's just a pyramid scheme in financial terms, and that at some point it just has to collapse," Peterson said.

But to put it crudely – if they only got a 14.5 percent interest loan from the market, that shows that essentially the end is near," Peterson said.