Estonian Air reports $8 million 9M net loss; expects new shareholder in 2015

Credit: Alan Dron
Baltic flag carrier Estonian Air reported a net loss of €6.4 million ($8 million) for the nine months ended Sept. 30, deepened from a loss of €6 million in the year-ago period. Revenue was down 6% to €52.2 million for the nine-month period, but variable costs decreased 1%, to €35.8 million year-over...

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