29-Oct-2013 1:21 PM

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More