According to the announcement made by company representatives, airBaltic airline transported a total of 0.599mn passengers in Jan-Mar 2011, which made a 4% y/y decrease. In March alone, passenger turnover declined by 2%, making a sixth month in a row of rather low passenger turnover, which previously was attributed to unfavourable weather conditions. In Q1 carrier operated more than 12,000 flights, up by 4% y/y. To remind, airBaltic airline transported a total of 3.25mn passengers in 2010, which made a 16% y/y increase. Last year carrier operated 56,098 flights, up by 22% y/y. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more