Aegean Airlines reports first half 2018 performance

Aegean Airlines consolidated turnover grew 1% to €455.7 million in the January-June period, while net result after taxes showed a loss of €13.8 million, from a loss of €20 million in the same period last year. Net operating income totalled €163.2 million in the first half from 127.4 million in 2017, with cash reserves totalling €395.8 million, up €58.4 million from June 2017. Passenger traffic totalled €5.9 million in the first six months of 2018, up 7%. Domestic traffic grew 5% to 2.7 million passengers, with international traffic up 8% to 3.3 million. Load factor rose to 81.7% from 79.2%,