Estonian Air, which is 49% owned by SAS, reported a profit of EEK17.7 million ($1.39 million) in the first half of 2005 compared to a loss of EEK1.1 million in the year-ago period. First-half operating revenue grew 13% to EEK494.1 million on a 20.2% rise in passengers to 293,700. Load factor improved 3.4 points to 61.9%. Despite a 68% jump in fuel price, the carrier slashed its cost per ASK by 12.3% compared to 2004. Citing the turbulence affecting the airline industry, President and CEO ...

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