AirBaltic suspends lucrative flights to Dubai, while Lufthansa backs the airline amid soaring jet fuel prices caused by the Iran war.

The entities involved

• AirBaltic →

  Latvian airline; flag-carrier airline of the Baltic states; Latvia | Estonia | Lithuania

  • AirBaltic filed for Chapter 11 bankruptcy and secured financing from lenders including Oaktree Capital Management and Morgan Stanley.Thu 19:56
  • BluOr Bank provided a loan to AirBaltic, Latvia's national airline.Thu 19:56
• Lufthansa →

  Flag-carrier and largest airline of Germany

  • Governments and the European Parliament approve major reforms to EU passenger rights standards, affecting European airlines.Sat 16:07
  • Lufthansa adds 20 Boeing 737 MAX 10s, while the FAA revises airworthiness certification processes and approves flight operations.Thu 00:25
• Ryanair →

  low-cost airline of Ireland

  • Ryanair is expanding its routes from its UK base city in Liverpool to connect with international destinations.Sun 13:10
  • Ryanair reported improved traffic and a resurgent travel scenario benefiting its top line in August 2025.Sun 03:26

Related events

• Emirates, an airline from the UAE, has secured landing rights at Berlin Airport, while Lufthansa has publicly opposed the expansion into Germany.Sep 12
• Budget airlines easyJet and Ryanair are facing operational pressures due to the geopolitical tensions stemming from the US-Iran conflict and resulting higher oil prices.Jul 28