Estonian Air deepens losses in 2012

Credit: Rob Finlayson
Baltic flag-carrier Estonian Air widened its deficit in 2012, with net losses reaching €49.2 million ($63.8 million), widened from a €17.3 million net loss in 2011. Revenue was €91.5 million, up from €76.1 million in the year-ago period. Much of the loss was a result of the airline’s previous growth...

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