Why Doesn't Lithuania Have Its Own Airline?

If you travel - or are really into airplanes - you might have already noticed that many countries have their own airline - or maybe a few airlines in the case of larger nations.
Sticking to the region, the flag carrier of France is Air France, Spain has Iberia, Germany has Lufthansa, and the list goes on and on and on.
So what about Lithuania? Where’s the national airline for this country?
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Sources/References:
https://www.lrytas.lt/verslas/rinkos-...
   • Kodėl subankrutavo flyLAL?   (Lithuanian only)
https://www.vle.lt/straipsnis/lietuvo...
https://www.airbaltic.com/en-LT/lithu...

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