Latvian flag-carrier airBaltic reported a first-half net profit of €14.49 million ($19.8 million), reversing a net loss of €12.45 million during the January-June period last year. “The geopolitical turbulence in the East creates a very challenging market environment for airBaltic … our transfer passenger numbers [are] going down,” airBaltic CEO Martin Gauss said. “Despite this, we have achieved significant cost savings through capacity management, cost ...

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