European airline used by 4,000 UK passengers a week files for bankruptcy – but expert warns NOT to cancel flights

A EUROPEAN airline that carries thousands of British passengers every week has filed for bankruptcy.

The travel company organises flights to the Baltic region from both London Gatwick and Aberdeen airport.

The national airline of , airBaltic, has had its protection approved in a move that hopes to cut mounting costs.

Around 4,000 British passengers fly on AirBaltic flights weekly, with the airline operating direct flights between London Gatwick and Riga, along with seasonal twice-weekly routes from Aberdeen to the capital.

The voluntary decision saw the carrier file for Chapter 11 bankruptcy protection in the United States, later securing $405million in financial commitments from various financial groups.

Despite the filing, experts have warned passengers not to interpret bankruptcy as cancellation and to wait before considering changing bookings.

Anton Radchenko, CEO of AirAdvisor, said: “Cancelling voluntarily could leave the passenger subject to the ticket’s normal restrictions, whereas waiting for the airline’s decision preserves their statutory rights if the service is later changed or cancelled.”

AirBaltic has confirmed that operations would continue as usual during the bankruptcy process, which is expected to finish by June 2027.

This includes scheduled flights, ticket sales, reservations and customer service, with all existing tickets, vouchers and credits remaining valid.

AirBaltic flies to over 70 destinations around the Baltics, including Europe, North Africa and the Middle East out of its main hub in Riga, Latvia.

The carrier is majority-owned by the Latvian government and has agreements with major international airlines such as Air France, KLM and Delta Airlines.

It currently operates a fleet of 54 aircraft, but announced a business plan in August to reduce its fleet to 36 planes to improve its financial stability.