ATHENS — Aegean Airlines on Tuesday reported losses of 28.3 million euros in the third quarter of 2020, hit by restrictions imposed because of the pandemic, after profits of 90.2 million euros in the same period last year.
The Greek airline company said that from early July and after a partial lifting of restrictions in Europe, a gradual return of international flights began, but several markets remained inaccessible, demand was weak and a lack of coordination in travel protocols made things difficult. Aegean said its flights were cut back by 49 pct compared with the third quarter of 2019, while passenger traffic was down 62 pct in the same period. Average flight occupancy was 65.7 pct (87.7 pct in 2019), totaling around 2.0 million passengers in 78 destinations in Greece and abroad. Turnover shrank to 155.1 million euros in the July-September period, from 512.5 million last year,
In the nine-month period, turnover was 342.5 million euros from 1.031 billion in 2019 and passenger traffic totaled 4.4 million. Net results, after tax, showed a loss of 187.1 million euros after profits of 77.1 million last year.
Cash reserves totaled 433.3 million euros at the end of September and borrowing was 290 million euros.
With the COVID-19 pandemic all but forgotten - despite still hospitalizing and killing people - tourists in 2023 returned to Greece in such numbers the sector is on a path to break records set in 2019 before the Coronavirus struck.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
ATHENS — After several years of strained relations that raised tensions to alarming levels, longtime regional rivals Greece and Turkey made a significant step Thursday in mending ties during a visit to Athens by Turkish President Recep Tayyip Erdogan.
NEW YORK - For nearly a decade, the Stavros Niarchos Foundation (SNF) has helped the New York City Police Foundation (NYCPF) support the people on the front lines of making New York City a safe place for all to live, work, and visit.
NEW YORK – New York State Assemblyman Michael Tannousis (R, C – Staten Island/Brooklyn) released the following statement on December 7: “After leading a bipartisan effort last month to denounce the cancellation of a 250-person school safety agent class, I’m happy that the Mayor’s Office has now changed course and is hiring additional school safety agents.
ATHENS – A press conference was held on December 5 for the Acropolis Museum’s new exhibition titled ‘Meanings’ (‘NoHMATA’): Personifications and Allegories from Antiquity to Today.
LONDON (AP) — Benjamin Zephaniah, a British poet, political activist and actor who drew huge inspiration from his Caribbean roots, has died.
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