airBaltic kred\u012btreitinga pazemin\u0101\u0161ana met \u0113nu p\u0101r iesp\u0113jamo akciju kot\u0113\u0161anu bir\u017e\u0101<\/p>\n
Starptautisk\u0101s reitingu a\u0123ent\u016bras “Fitch Ratings” l\u0113mums samazin\u0101t Latvijas nacion\u0101l\u0101s aviokomp\u0101nijas “airBaltic” kred\u012btreitingu no “B-“\/negat\u012bvs uz “CCC+” ir rad\u012bjis satraukumu par uz\u0146\u0113muma pl\u0101niem n\u0101kt klaj\u0101 ar s\u0101kotn\u0113jo publisko akciju pied\u0101v\u0101jumu (IPO). \u0160is reitinga pazemin\u0101jums, kas atspogu\u013co paaugstin\u0101tu risku un v\u0101j\u0101ku finansi\u0101lo elast\u012bbu, nen\u0101k par labu izredz\u0113m veiksm\u012bgi piesaist\u012bt investorus un nodro\u0161in\u0101t nepiecie\u0161amo kapit\u0101lu bir\u017eas debijai. Eksperti nor\u0101da, ka \u0161\u0101da situ\u0101cija var\u0113tu aizkav\u0113t vai pat apdraud\u0113t IPO ieceru realiz\u0101ciju, kas s\u0101kotn\u0113ji tika pl\u0101nota jau 2025. gad\u0101, bet tagad tiek prognoz\u0113ta uz 2026. gadu.<\/p>\n
Finansi\u0101lais st\u0101voklis un t\u0101 ietekme uz IPO<\/p>\n
“Fitch Ratings” argument\u0113, ka reitinga pazemin\u0101\u0161ana ir saist\u012bta ar augst\u0101ku par gaid\u012bto par\u0101da l\u012bmeni un v\u0101j\u0101ku finansi\u0101lo elast\u012bbu, kas noz\u012bm\u0113, ka “airBaltic” tuv\u0101ko 12 m\u0113ne\u0161u laik\u0101 b\u016bs nepiecie\u0161ams iev\u0113rojams \u0101r\u0113jais finans\u0113jums. A\u0123ent\u016bra ar\u012b nor\u0101da uz neskaidr\u012bbu par pl\u0101not\u0101 IPO laiku un gaid\u0101majiem ie\u0146\u0113mumiem. Turkl\u0101t aviokomp\u0101nijas 2025. gada darb\u012bbas rezult\u0101ti ir biju\u0161i v\u0101j\u0101ki nek\u0101 prognoz\u0113ts, ko ietekm\u0113jis izmaksu pieaugums un zema ienes\u012bguma, k\u0101 rezult\u0101t\u0101 ir b\u016btiski negat\u012bva br\u012bv\u0101 naudas pl\u016bsma un ierobe\u017eota likvidit\u0101te.<\/p>\n
Reitinga pazemin\u0101\u0161ana no “B-” uz “CCC+” nor\u0101da uz b\u016btiski paaugstin\u0101tu kred\u012btrisku un ievainojam\u012bbu maks\u0101tnesp\u0113jas gad\u012bjum\u0101. Tiek uzskat\u012bts, ka \u0161\u0101di uz\u0146\u0113mumi ir pak\u013cauti augstam defolta riskam, un tie var\u0113tu saskarties ar gr\u016bt\u012bb\u0101m, piesaistot jaunu finans\u0113jumu vai sa\u0146emot izdev\u012bg\u0101kus aizdevumu nosac\u012bjumus. Tas ir pretrun\u0101 ar iepriek\u0161\u0113j\u0101m cer\u012bb\u0101m, ka pozit\u012bvs kred\u012btreitinga v\u0113rt\u0113jums var\u0113tu veicin\u0101t investoru uztic\u012bbu un atvieglot ien\u0101k\u0161anu tirg\u016b.<\/p>\n
Aviokomp\u0101nijas vad\u012bba ir nor\u0101d\u012bjusi, ka tai nepiecie\u0161ams liels pa\u0161u kapit\u0101la ieguld\u012bjums 2026. gad\u0101, lai sasniegtu ilgtsp\u0113j\u012bgu kapit\u0101la strukt\u016bru, kas atbilstu uz\u0146\u0113muma kapit\u0101lizmaks\u0101m un izaugsmes pl\u0101niem.Lai gan Latvijas valsts uzskata “airBaltic” par strat\u0113\u0123iski svar\u012bgu akt\u012bvu, \u012bpa\u0161i saist\u012bb\u0101 ar Baltijas re\u0123iona savienojam\u012bbas nodro\u0161in\u0101\u0161anu, Eiropas Savien\u012bbas valsts atbalsta noteikumi apgr\u016btina papildu l\u012bdzv\u0113rt\u012bgu atbalsta snieg\u0161anu.<\/p>\n
airBaltic finansi\u0101lie rezult\u0101ti un tirgus tendences<\/p>\n
Neskatoties uz sare\u017e\u0123\u012bto situciju, “airBaltic” ir demonstr\u0113jusi sp\u0113ju piel\u0101goties un nodro\u0161in\u0101t darb\u012bbas nep\u0101rtraukt\u012bbu. 2025. gada pirmaj\u0101 pus\u0113 aviokomp\u0101nijas ie\u0146\u0113mumi sasniedza rekordaugstu l\u012bmeni \u2013 349,6 miljonus eiro, kas ir par 3% vair\u0101k nek\u0101 iepriek\u0161\u0113j\u0101 gad\u0101. Otraj\u0101 ceturksn\u012b vien ie\u0146\u0113mumi bija 216,9 miljoni eiro, pieaugot par 4,8% sal\u012bdzin\u0101jum\u0101 ar 2024. gada attiec\u012bgo periodu. \u0160is sniegums apliecina uz\u0146\u0113muma biznesa mode\u013ca notur\u012bbu un sp\u0113ju konkur\u0113t izaicin\u0101jumiem piln\u0101 tirgus vid\u0113.<\/p>\n
Tom\u0113r aviokomp\u0101nijas finan\u0161u rezult\u0101tus ietekm\u0113ju\u0161i vair\u0101ki faktori, tostarp izmaksu infl\u0101cija, glob\u0101lais dzin\u0113ju defic\u012bts un ar to saist\u012bt\u0101s papildu izmaksas par lidma\u0161\u012bnu \u012bri. \u0160ie faktori ir rad\u012bju\u0161i spiedienu uz pe\u013c\u0146as norm\u0101m un palielin\u0101ju\u0161i darb\u012bbas izmaksas. Turkl\u0101t 2024. gad\u0101 uz\u0146\u0113mums cieta zaud\u0113jumus 118,2 miljonu eiro apm\u0113r\u0101, galvenok\u0101rt \u0101r\u0113ju faktoru d\u0113\u013c, tostarp pa\u0101trin\u0101tas Pratt & Whitney dzin\u0113ju nolietojuma izmaksas (73 miljoni eiro) un val\u016btu sv\u0101rst\u012bbas.<\/p>\n
Neskatoties uz izaicin\u0101jumiem, “airBaltic” ir sp\u0113jusi palielin\u0101t pasa\u017eieru skaitu un veiktto lidojumu apjomu. 2024. gad\u0101 p\u0101rvad\u0101ti vair\u0101k nek\u0101 asto\u0146i miljoni pasa\u017eieru, kas ir par 18% vair\u0101k nek\u0101 iepriek\u0161\u0113j\u0101 gad\u0101. Kop\u0113jais veikto lidojumu skaits, ieskaitot ACMI pakalpojumus, sasniedza 73 000, kas ir par 12% vair\u0101k nek\u0101 2023. gad\u0101. \u0160ie r\u0101d\u012bt\u0101ji apliecina pieaugo\u0161o piepras\u012bjumu p\u0113c “airBaltic” pakalpojumiem un t\u0101s vado\u0161o poz\u012bciju Baltijas re\u0123ion\u0101.<\/p>\n
Iesp\u0113jam\u0101s sekas un n\u0101kotnes perspekt\u012bvas<\/p>\n
Kred\u012btreitinga pazemin\u0101\u0161ana no “B-“\/negat\u012bvs uz “CCC+” rada nopietnus jaut\u0101jumus par “airBaltic” sp\u0113ju veiksm\u012bgi \u012bstenot IPO pl\u0101nus. \u0160\u0101ds zems reitings parasti noz\u012bm\u0113, ka uz\u0146\u0113mumam b\u016bs gr\u016bti piesaist\u012bt investorus par v\u0113lamajiem nosac\u012bjumiem, un tas var\u0113tu likt no jauna izv\u0113rt\u0113t IPO strat\u0113\u0123iju vai pat to atlikt uz nenoteiktu laiku. Lai gan da\u017ei eksperti prognoz\u0113, ka pozit\u012bva kred\u012btreitinga p\u0101rv\u0113rt\u0113\u0161ana var\u0113tu pa\u0101trin\u0101t IPO sagatavo\u0161anos un palielin\u0101t strat\u0113\u0123isko partneru piesaistes iesp\u0113jas, jaun\u0101k\u0101s zi\u0146as liecina par pret\u0113jo.<\/p>\n
Aviokomp\u0101nijas finansi\u0101l\u0101 st\u0101vok\u013ca pasliktin\u0101\u0161an\u0101s un neskaidr\u012bba par IPO \u012bsteno\u0161anu rada ba\u017eas par t\u0101s ilgtermi\u0146a stabilit\u0101ti. Tas var\u0113tu negat\u012bvi ietekm\u0113t ne tikai pa\u0161u uz\u0146\u0113mumu, bet ar\u012b Latvijas ekonomiku kopum\u0101, jo “airBaltic” ir viens no noz\u012bm\u012bg\u0101kajiem valsts z\u012bmoliem un darba dev\u0113jiem.<\/p>\n
Lai gan “airBaltic” ir izdevies uzlabot savus darb\u012bbas rezult\u0101tus 2025. gada pirmaj\u0101 pus\u0113, nodro\u0161inot rekordaugstus ie\u0146\u0113mumus un palielinot pasa\u017eieru skaitu, kred\u012btreitinga pazemin\u0101\u0161ana ir nopietns br\u012bdin\u0101juma sign\u0101ls. Lai atjaunotu investoru uztic\u012bbu un nodro\u0161in\u0101tu veiksm\u012bgu IPO, aviokomp\u0101nijai b\u016bs j\u0101veic noz\u012bm\u012bgi pas\u0101kumi, lai uzlabotu savu finansi\u0101lo st\u0101vokli un samazin\u0101tu riskus.<\/p>\n","protected":false},"excerpt":{"rendered":"airBaltic kred\u012btreitinga pazemin\u0101\u0161ana met \u0113nu p\u0101r iesp\u0113jamo akciju kot\u0113\u0161anu bir\u017e\u0101 Starptautisk\u0101s reitingu a\u0123ent\u016bras “Fitch Ratings” l\u0113mums samazin\u0101t Latvijas…\n","protected":false},"author":2,"featured_media":65652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[3307,5290,77,76,16629,17029,17028,35,39,38,36,37,34,40],"class_list":{"0":"post-65651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bizness","8":"tag-airbaltic","9":"tag-aviokompanija","10":"tag-bizness","11":"tag-business","12":"tag-fitch-ratings","13":"tag-ipo","14":"tag-kreditreitings","15":"tag-latvia","16":"tag-latvian","17":"tag-latviesu","18":"tag-latviesu-valoda","19":"tag-latviesuvaloda","20":"tag-latvija","21":"tag-lv"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@lv\/115662382894398806","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/65651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/comments?post=65651"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/65651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media\/65652"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media?parent=65651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/categories?post=65651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/tags?post=65651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}