newstodate.aero
Sep 11, 2015 (newstodate): Estonian Air is seeing strong proofs that its restructuring plan and lean operations are paying off.
With profits on the table also in August, the carrier reports profitable results from the third summer month in a row for the first time since 2010.
Economic results have improved since March this year when Estonian Air started to operate as a capacity provider to bigger airlines in addition to serving flights to and from Tallinn.
In August 2015, Estonian Air carried 62,355 passengers, out of which 58,628 on regular flights. The number of passengers increased 16.4 percent, out of which 16.1 percent on regular flights compared to the same period last year.
In the first eight months Estonian Air carried a total of 404,109 passengers, out of which 388,808 on regular flights. The total number of passengers increased 9.7 percent and on regular flights 10.1 percent, compared to the same period last year.
In the first eight months Estonian Air operated 8,094 flights, up 13.0 percent, y-o-y, and in August the airline operated 1,054 flights, up 12.7 percent.
-Approaching autumn and winter time will bring a low flight season and harder times with tougher challenges. Nevertheless, our results so far have been better than budgeted, and next year we are aiming to reach the break-even, says Jan Palmer, Estonian Air CEO.
Still looming is the final outcome of the EU probe into alleged illegal state aid.
The EU Commission initialed its probe into Estonian Air in February 2013, expanding it in April 2013 and again in February 2014.
A positive outcome for Estonian Air is crucial to plans by the Estonian transport group Tallink to take over the carrier.
With profits on the table also in August, the carrier reports profitable results from the third summer month in a row for the first time since 2010.
Economic results have improved since March this year when Estonian Air started to operate as a capacity provider to bigger airlines in addition to serving flights to and from Tallinn.
In August 2015, Estonian Air carried 62,355 passengers, out of which 58,628 on regular flights. The number of passengers increased 16.4 percent, out of which 16.1 percent on regular flights compared to the same period last year.
In the first eight months Estonian Air carried a total of 404,109 passengers, out of which 388,808 on regular flights. The total number of passengers increased 9.7 percent and on regular flights 10.1 percent, compared to the same period last year.
In the first eight months Estonian Air operated 8,094 flights, up 13.0 percent, y-o-y, and in August the airline operated 1,054 flights, up 12.7 percent.
-Approaching autumn and winter time will bring a low flight season and harder times with tougher challenges. Nevertheless, our results so far have been better than budgeted, and next year we are aiming to reach the break-even, says Jan Palmer, Estonian Air CEO.
Still looming is the final outcome of the EU probe into alleged illegal state aid.
The EU Commission initialed its probe into Estonian Air in February 2013, expanding it in April 2013 and again in February 2014.
A positive outcome for Estonian Air is crucial to plans by the Estonian transport group Tallink to take over the carrier.