newstodate.aero
Sep 10, 2013 (newstodate): Estonian Air has scaled down its volume of flights and its aircraft fleet during the ongoing restructuring process aiming at a return to profitability by 2014.
During the first eight months of this year, Estonian Air saw its passenger volumes down by 37 percent, y-o-y, to 378,040 passengers, while the volume of flight operations dropped by 44 percent, y-o-y, to 7,365 flights.
-In our restructuring plan, we have set a target for passenger volumes that corresponds to the reduction of destinations and scaling down on our fleet. In the beginning of 2013, we were a bit behind our own projections, but in June, July and August the number of passengers have been in line with the plan. Also in terms of revenue, we have been able to meet our targets, says Jan Palmer, Estonian Air CEO in a comment to the figures.
-Compared to last year, the total number of round trips has decreased by more than a half but at the same time Estonian Air has succeeded to fill the remaining number of aircraft much better and thus increase considerably the efficiency of our operations, says Mr Palmer.
During the first eight months of this year, Estonian Air saw its passenger volumes down by 37 percent, y-o-y, to 378,040 passengers, while the volume of flight operations dropped by 44 percent, y-o-y, to 7,365 flights.
-In our restructuring plan, we have set a target for passenger volumes that corresponds to the reduction of destinations and scaling down on our fleet. In the beginning of 2013, we were a bit behind our own projections, but in June, July and August the number of passengers have been in line with the plan. Also in terms of revenue, we have been able to meet our targets, says Jan Palmer, Estonian Air CEO in a comment to the figures.
-Compared to last year, the total number of round trips has decreased by more than a half but at the same time Estonian Air has succeeded to fill the remaining number of aircraft much better and thus increase considerably the efficiency of our operations, says Mr Palmer.