Loading
3-May-2013 3:13 PM

Estonian Air reports 'significant' decline in net loss in 1Q2013

Estonian Air reported (02-May-2013) a significant decline in net loss to EUR4.9 million in the first three months of 2013. The carrier also reported a 5% year-on-year increase in revenue to EUR16.2 million despite a 13% decline in passenger numbers to 121,700. [more - original PR]

Estonian Air: “The current developments in our restructuring progress give us hope that Estonian Air will reach the break-even point in core business on a monthly basis at some point during the summer season. The main objective is to reach profitability by the year 2015,” Jan Palmér, CEO. Source: Company statement, 02-May-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