Riga Airport Profit in 2023 – 1.6 Million Euros

Company's audited annual report for 2023 shows that last year, RIX Riga Airport worked with a significant increase in turnover, the number of passengers served and the number of flights, and closed the financial year with a profit of 1.6 million euros.

The company's net turnover in 2023 reached 72.5 million euros – 25 % more than in 2022. The increase in net turnover was facilitated by the overall increase in the number of passengers and, in particular, the increase in the number of direct passengers by almost a fifth or 19 %. Revenue from aviation services last year amounted to 43.3 million euros, while from non-aviation services –29.2 million euros.

The number of passengers handled at Riga Airport reached 6.6 million travellers last year, or 23 % more than in 2022. More than 78 % of all travellers were direct passengers. The number of flights from and to Riga Airport has also increased by 12 % – a total of 61.3 thousand flights were served.

The largest investment projects of the past year are related to the modernisation of passenger and aircraft service infrastructure (3.9 million euros in total), including the purchase of new passenger air bridges and modernised baggage service infrastructure; investments in the infrastructure of the Airport territory exceeded 5 million euros last year, the same amount was invested in emergency, security and IT infrastructure, 3.6 million euros – in the replacement of vehicles, machinery and apron equipment. Thus, the total investments in the development of the Airport in 2023 exceeded 22 million euros. In turn, Riga Airport's expenses and capital investments in research and development last year amounted to more than 217 thousand euros.