According to the announcement made by company representatives, airBaltic airline transported a total of 0.624mn passengers in the first three months of 2010, which makes a 25% y/y increase. In March alone, passenger turnover increased by 36% y/y to 0.238mn passengers, while number of passengers served from Riga Airport went up by 39%. airBaltic operated 4,155 flights in March (27% y/y increase). Cabin occupancy rate stood at 66% in March, up by 4pps 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