Estonian Air reports EUR4.2m operating loss in 2013

Estonian Air revenue down 21% - financial highlights for 2013:

• Sales revenue: EUR72.3 million, -21% year-on-year;
• Operating profit (loss): (EUR4.2 million);
• Net profit (loss): (EUR8.1 million), compared to a loss of EUR49.2 million in 2012;
• Passenger numbers: 551 169, -37.9%. more - original PR]

Estonian Air: "Estonian Air is in a much better position today than it was on 1 November 2012, when I took over as Chairman of the Management Board and CEO of Estonian Air. My mandate was to restructure the airline to sustainable operations. The airline has taken all the planned steps to reach that goal," Jan Palmér, CEO. Source: Company statement, 14-May-2014.