Estonian Air reports H1 results

Baltic flag carrier Estonian Air reported a first-half net loss of €5 million ($6.65 million), narrowed from a net loss of €6.1 million reported for the same period last year.First-half revenue was €32.9 million, down 8% year-on-year.The airline cited reduced passenger numbers and lower yields due to increased competition at its Tallinn base for the losses. The airline also said that pressure on yields had increased across Europe, forcing airlines to adapt to changing market conditions.Estonian Air carried 260,000 passengers in the first half, down 8% on the same period last year.CEO Jan Palmér said: “In the first half of