Latvian carrier AirBaltic continues to grapple with the impact of Pratt & Whitney geared turbofan engine inspections and overhauls after it swung from an annual profit to a loss in 2024.

AirBaltic posted a net loss of €118 million ($128 million) for 2024, a reversal of its €33.7 million net profit in 2023, saying external factors including €73 million in accelerated ...