According to the announcement made by company representatives, airBaltic airline transported a total of 0.386mn passengers in the first two months of 2010, which makes a 19% y/y increase. In February alone, passenger turnover increased by 27% y/y to 0.187mn passengers, while number of passengers served from Riga Airport went up by 33%. airBaltic operated 7,576 flights in Jan-Feb and 3,565 flights in February alone (29% y/y increase). Cabin occupancy rate stood at 61% in February, down by 1pps y/y. Last year company's passenger turnover amounted to 2.76mn passengers, which made about a 6% y/y increase.
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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