Results for: Strong Performance

airBaltic, Latvia’s national carrier, has announced preliminary financial results for the first quarter (Q1) of 2024, indicating a strong performance. Total revenue surged by 26% to around EUR 132 million year-over-year, while passenger traffic jumped by 20%, marking new records for the period. Martin Gauss, President and CEO of airBaltic, attributed the positive results to increased flights, operational enhancements, and a focus on customer service. The airline transported 926 thousand passengers in Q1, with a 30% growth in Available Seat Kilometers (ASK) to 1.9 billion. The load factor improved to 75.9%, the highest ever in a Q1 period. airBaltic plans to unveil comprehensive Q1 financial results on May 22, 2024, during an investor call.

Ameriprise Financial reported strong first-quarter earnings, with adjusted operating earnings per diluted share (EPS) of $8.39 exceeding analyst expectations by $0.22. Revenue for the quarter came in at $4.15 billion, in line with estimates. The company’s GAAP net income per diluted share increased significantly to $9.46, driven by favorable market impacts and strong growth across its diversified business.