airBaltic stated that there are currently no signs of a possible aviation fuel shortage, despite the unstable market situation. The airline claims that suppliers confirm their readiness to fulfill long-term contracts.
Chairman of the airBaltic board Andrey Martynov stated on TV3 on Tuesday that the airline does not see a risk of aviation fuel shortages in the near future.
According to him, the carrier regularly monitors the market situation and collects data on fuel availability weekly.
“Currently, there are no clear signs that this may happen,” Martynov noted, adding that the situation is changing very quickly, so the company is closely watching developments.
airBaltic also emphasizes that the airline has long-term agreements with fuel suppliers. After consultations with partners, the company has no doubts that the obligations will be fulfilled.
The issue of fuel supplies remains sensitive for the airline market, as any disruptions can quickly affect flight schedules and transportation costs. This is especially important ahead of the summer season when passenger traffic traditionally increases.
Against this backdrop, airBaltic continues to increase its transportation volumes. In the first four months of this year, the airline transported nearly 1.5 million passengers — 5.4% more than the previous year.
At the same time, the company's financial situation remains challenging. Despite the increase in turnover and reduction in losses, airBaltic continues to require additional financing.
What is important to know: the company has already postponed a potential IPO and is currently not considering stock placement as a source of capital in 2026. According to the annual report, the carrier may need additional financing ranging from 100 to 150 million euros in the winter season of 2026/2027.
In the spring, the Saeima approved the issuance of a short-term state loan to airBaltic for 30 million euros. The company must repay it by the end of August.
Currently, the largest shareholder of airBaltic remains the Latvian state, which owns more than 88% of the shares. Another 10% are held by the German airline Lufthansa.
Last summer, the authorities of Latvia and Lufthansa agreed to invest an additional 14 million euros each in airBaltic before a potential IPO; however, the company later decided to suspend these plans due to the market situation and its own financial indicators.
Despite this, airBaltic continues to prepare for an active summer season and currently does not forecast disruptions in fuel supply for flights.
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