EE: Estonian Air net profit at EUR 2.9mn in Q3.

By bne IntelliNews November 11, 2010
Estonian national airline Estonian Air records net profit of EEK 45mn (EUR 2.9mn) in Q3. The company indicates that it has recorded a net loss of EEK 10mn due to the ash cloud in April. Ilona Eskelinen, spokeswoman for Estonian Air, indicated that the company would have recorded a net profit in Jan-Oct period if not for the ash cloud. In September the company recorded 12.3% y/y increase in passengers' number with 57,398 passengers travelling on the Estonian Air flights. In Jan-Sep the company recorded total passengers' traffic of 440,669 passengers, which remained at par y/y. In Jan-Sep period the company operated 7,738 flights, up by 0.8% y/y. In September the company recorded 981 flights, up by 2.0% y/y.

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