50 SKY SHADES - World aviation news

Estonian Air sees profitable summer

Download: Printable PDF Date: 28 Aug 2015 19:47 (UTC) category:
Estonian Air sees profitable summer - Airlines publisher
Tatjana Obrazcova
Source: ATW

Estonian Air believes it will break even in 2016, after it recorded its first profitable early summer months since 2010.

The small national carrier – it has a fleet of three Embraer 170s and three Bombardier CRJ900s, with two CRJ700s due to join the fleet in September – hasstruggled in recent years.

It has two business lines: serving destinations that are strategically important to Estonian travelers andproviding capacity to several major airlines in Europe and Scandinavia.

“This year profitable summer months indicate that the restructuring plan has helped us to establish a solid foundation for long-term sustainability,” CCO Indrek Randveer said. “Active sales in Estonia and destination markets and capacity providing for other airlines have contributed to the positive outcome. “ The airline made a profit of around €200,000 ($225,000) in both June and July.

“We will continue to develop our business and we realize that in order to keep sustainable profit and serving direct flights from Tallinn we need to find service opportunities from Scandinavia and Europe as well,” Randveer said.

The opportunities included “operating SAS and Austrian Airlines flights as [a] capacity provider and serving Swedish domestic flights starting from October, where our business risks are hedged.

“Approaching autumn and winter time will bring a low flight season, and we are planning to have losses in 2015. Nevertheless, our results so far have been better than budgeted and next year we are aiming to reach break-even.”

Estonian Air carried 62,559 passengers in June, s an increase of 14% over 2014 and 65,643 in July, up 18%.

In the first seven months of 2015 the airline carried 341,591 passengers, 8.5% up  compared to the  same period last year.

Estonian Air operates from Tallinn to Stockholm (Arlanda and Bromma), Copenhagen, Amsterdam, Brussels, Oslo, Moscow, St Petersburg, Kiev, Vilnius and Trondheim. It also operates a series of seasonal summer services to several major western European cities.

Loading comments for Estonian Air sees profitable summer...


Helvetic Airways migrated to AeroCRS

Swiss-based, Helvetic Airways, migrated to AeroCRS from their custom-made system which was in use by the airline for several years. Helvetic Airways will use the full suite of services by AeroCRS whic...

VoltAero Cassio will be presented to the public for the first time at the France Air Expo

VoltAero has chosen the France Air Expo trade fair to present, for the first time to the public, its Cassio hybrid-electric aircraft. VoltAero is developing a family of hybrid electric aircraft for...

Bombardier celebrates 15-years of its Querétaro site as it delivers the 100th Global 7500 aircraft rear fuselage

Bombardier celebrates the 15-year anniversary of its world-class manufacturing operations in Querétaro, Mexico. The achievement is further highlighted by the site’s recent completion...

Skyports and Royal Mail pioneer drone deliveries to the Isles of Scilly

This week, Royal Mail announces a trial of the first out-of-sight, autonomous scheduled drone flights between the UK mainland and an island. The trial will see the Company use Uncrewed Aerial Vehicle...