x

Economy

Aegean Airlines Reports Higher Revenue and Profits in 2019

March 17, 2020
ANA

ATHENS – Aegean Airlines on Tuesday announced a 10 pct increase in its consolidated revenue at 1.3 billion euros and said its net earnings after tax increased by 16 pct in 2019. In an announcement, the Greek airline company said passenger traffic increased by 7.0 pct in the year, with AEGEAN and Olympic Air carrying 15 million passengers. EBITDA reached 269.4 million euros and cash equivalents reached 516.9 million euros.

Dimitris Georgiannis, CEO of AEGEAN, commenting on the results said: “2019 has proven our maturing of operations and the gradual success of our efforts of extending the season. For the first time we managed to achieve a profitable result also in the traditionally weak last quarter of the year. The success of 2019 contributes to a stronger starting base and contributes to reserves in organisation and financial condition. Our entire industry will be challenged by the unprecedented effects of the COVID-19 in Global Aviation and Travel. We believe in the strength of our organisation, our excellent staff and our resilience and adaptability in crisis. In this particular instance, policy makers’ actions and policies to mitigate the effects of the crisis will also be crucial.”

RELATED

ATHENS - Greece has significant export opportunities in the Hungarian market in the field of industrial and pharmaceutical products, as well as in the agri-food sector.

Top Stories

Associations

ASTORIA – The Pancyprian Choir of NY held its first meeting of 2022 and shared best wishes for the New Year with their annual cutting of the traditional vasilopita at Dionysos Taverna in Astoria on January 24.

Associations

BRONX, NY – In a festive atmosphere, the traditional cutting of the vasilopita was held by the Northern Chios Society of Pelineon Agia Markella in the community hall of Zoodohos Peghe Greek Orthodox Church in the Bronx on January 23.

Society

ATHENS – A major snow storm that had been predicted for days still caught residents in Greece offguard and the New Democracy government scrambling for answers as to why motorists were stuck for hours on major roads.

Video

Prosecutors in Floyd Killing Probe Use-of-Force Training

ST. PAUL, Minn — Prosecutors in the federal trial of three former Minneapolis police officers in George Floyd's killing probed the department's training on use of force, a key issue at the heart of charges that the officers violated Floyd's civil rights.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.