Already 3,287 people have seen this company's branding and they are being followed by 10 Storybook user.In average the company has been rated 4.8 points ja kommenteeritud 3 korda.

's activity report 2022

The main activity of AS Airest was still air transport of goods.

The main source of the company's sales revenue is the export of goods transport services on behalf of the world's largest logistics companies, which is ensured by professional staff and the operation of five certified line maintenance stations: at Tallinn (TLL), Baden-Baden (FKB), Frankfurt (FRA), Ljubljana (LJU) and Bucharest (OTP) airports.

In 2022, the company operated on average on six regular routes and also performed charter flights.

The company's operating profit in 2022 was 66 thousand, which shows that the company has reached a more stable phase. The company's net loss is due to an unforeseen delay in the short-term loan refinancing process, which caused a financial expense in the form of a delay penalty of 748 thousand.

At the same time, the refinancing of the short-term loan with a long-term one significantly improved the company's liquidity ratio.

The company's total EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)*, which shows the company's ability to earn money from its economic activities, regardless of the company's obligations to creditors, depreciation and income tax expense, was approximately 1.226 million, which is about 1.5 times greater than the EBITDA of 2021, and gives an indication that the company is able to earn money from its daily business activities and fulfill all short-term obligations.

Considering the profit earned by the company in previous years and the addition of two new significant regular routes to the company at the end of 2022, the company has achieved stability and can be considered sustainable.

The main indicators of the financial year compared to the previous year were as follows:: 2022 2021

Net loss - 696 750 -639 091

EBITDA* 1 226 168 825 378

Balance sheet total 6 989 358 7 623 631

Main financial ratios

Short-term obligation coverage ratio 1.54 0.47 (current assets/short-term obligations)

Independence degree (equity/total 29.67% 36.44% obligations and equity) *EBITDA does not include loan penalties accounted for as financial expenses