Estonian Air reports improved quarterly result for second consecutive quarter in 3Q2013

Estonian Air reported (28-Oct-2013) the following financial highlights for three months ended 30-Sep-2013:

• Revenue: EUR19.7 million;
• EBIT: EUR1.2 million;
• Net profit (loss) from operations: (EUR0.3 million);
• Net profit (loss): (EUR0.3 million);
• Total assets: EUR71.0 million;
• Cash: EUR10.9 million;
• Total liabilities: EUR91.8 million;
• Passenger numbers: 153,000;
• Load factor: 69.2%;
• Revenue per ASK: EUR 8.6 cents;
• Cost per ASK: EUR 8.9 cents. [more - original PR]

Estonian Air: "Estonian Air has reached sustainability in its core business as a result of resized operations to an optimal network. The results of last two quarters indicate that our reconstruction plan is working," said Jan Palmér, CEO. Source: Company statement, 28-Oct-2013.