Aegean Airlines Reports Higher H1 Results

August 31, 2018

Aegean Airlines on Friday announced lower losses and higher turnover in the first half of 2018. In an announcement, Aegean Airlines said consolidated turnover grew 1.0 pct to 455.7 million euros in the January-June peirod, while net result after taxes showed a loss of 13.8 million euros, from a loss of 20 million euros in the same period last year.

The Greek airline said passenger traffic totaled 5.9 million euros in the first six months of 2018, up 7.0 pct. Domestic traffic grew 5.0 pct to 2.7 million passengers, while international traffic rose 8.0 pct to 3.3 million. Average flight occupancy rose to 81.7 pct from 79.2 pct, while international traffic to/from Athens grew 13 pct and the airline added 11 new international destinations in its flight schedule from Athens.

Net operating flows totaled 163.2 million euros in the first half from 127.4 million in 2017, with cash reserves totaling 395.8 million euros, up 58.4 million from June 2017.

Dimitris Gerogiannis, CEO, commenting on the results said that the outlook for the third and most important quarter remained positive despite intensifying competition in the market.


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Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

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