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Nordica to announce smaller loss than expected, three new destinations

A Nordica jet at Tallinn Lennart Meri Airport. March 28, 2016.
A Nordica jet at Tallinn Lennart Meri Airport. March 28, 2016. Source: (Mihkel Maripuu/Postimees/Scanpix)

Nordic Aviation Group, the company behind Estonia’s national carrier Nordica, announced on Tuesday that they had likely made a smaller loss than expected, though business results would not be published yet. The airline is also adding new destinations to its routes.

According to CEO of Nordic Aviation Group, Jaan Tamm, the results of their operations under the Nordica brand had resulted in a smaller loss than the €15 million budgeted, though the company will still wait until “late spring” before it makes its full 2016 results public.

Nordica was aiming improve its punctuality to 15 minutes, Tamm said. This is an enormous step forward, as during its initial year of operations NAG struggled to build a reliable reputation, and faced a lot of passenger complaints.

According to Tamm, Nordica had also got closer to its goal of 99 percent reliability, and indeed in January and February all of the company’s scheduled flight had actually happened. The company is now in much better control of its operations, which has affected the result positively.

Some 85 percent of all flights had arrived no earlier or later than the 15 minutes delay the company had been aiming for, Tamm added. This percentage had been reached in January, and even outdone in February.

Passenger numbers are set to increase this year irrespective of Estonia’s upcoming presidency of the Council of the European Union, Tamm said. The number of people the company transported in January is about 50 percent higher than the result of January 2016, which is connected to the fact that Nordica is not making a difference between its own passengers, and that of close partner LOT.

A further achievement of the company is IOSA certification, which Nordica received earlier on in March. IOSA is the operational safety audit certificate of the International Air Transport Association (IATA) and confirms that an airline’s operational quality and safety has reached international standards.

New destinations

All three of the destinations announced on Tuesday have been available on direct flights from Tallinn earlier, but there has been a longer break. Starting this spring, Nordica will take up seasonal flights to Hamburg, flying the route three times a week between May 16 and Oct. 3.

Nordica will also fly to Göteborg three mornings a week, starting Aug. 8.

Flights to St. Petersburg will start on May 15, with two to three connections a day.

Altogether 19 destinations are available for flights with Nordica directly, Tamm said. Seasonal flights to Nice, Rijeka, and other southern destinations are scheduled this coming summer as well, as they proved popular last summer. The airline will operate with a denser schedule during summer, with an additional 33 flights every week.

Editor: Dario Cavegn

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