The 2009 year profit was 14 million LVL (20 million EUR) before taxes.

well, the media told about big losses of ab. but - of course, the govt pumped money into ab. so not a competitive company at all.

Correct. LV is more than bankrupt. Yet Flicks government buddies make sure his loss-making airline gets huge funding, whilst he pays himself a massive salary. Im so glad the cronyism of the old soviet days is still with us. How comforting. Not.

Which media? Estonian? The same who said that Estonian Air will have profit last year? Ha ha ha. I was talking official data audited by international auditors, not media.

I really don't see much of a future for Estonian Air. They haven't increased their fleet in years, which limits how many flights they can offer. Their strategy seems to be to offer flights to many destinations, but only 1-2x a week. This might be good for someone going on vacation, but doesn't work at all for people traveling on business -- and business travelers are typically less price-sensitive.

For example, I have to make trips to both London and Paris in the next few months. I will not be taking Estonian Air since to London they only fly on Thursday and Sunday, and to Paris it was equally rare. Those 2 days of the week don't line up with my schedule, so I have no choice but to use a competitor. If Estonian Air can't provide frequent service to two of the largest cities in Europe, then I really don't think they have much of a future.

If they can't increase their fleet (due to the inability for a loss-making airline to get more aircraft leases), then at least they should drop all the 1x weekly flights to lesser destinations like Nice and Athens, and increase the frequency to destinations that business travelers are more likely to visit.

I think it is not so much about the fleet. May be they realized, they just cannot afford the leasing of another Boeing. The problem is more that Estonian Air is not able to set itself a plan. Do they want to be a full carrier flying everywhere or do they accept their smallness and cooperate with other airlines (for example British Airways, SAS, Lufthansa) and work out a schedule that shows that cooperation.
To make a different picture (about fleet-size): I have to go to Budapest next month and Lufthansa doesnt offer any direct flights from two possible airports in northern Germany. They expect me (as their lousy attitude towards customer tell them) to go via Munich or Frankfurt. Lufthansa is one of the biggest carrier in the world, based in Germany and is not willing/able to offer direct flights to a nearby European capital (they did so a few years ago).

never.