Half year loss for Aegean Airlines

Aegean Airlines has posted a first-half net loss of €38.5 million ($48.3 million) – this is 94% worse than the €19.8 million loss posted during the same period in 2011. Revenue fell by 9% to €269.4 million. Passenger numbers were down to 2.7 million, a decrease of 8% on 13% fewer flights compared to the previous year due to the downturn in the local and European economy. Load factor rose slightly to 69.5% thanks to lower fares. Passengers flying on international routes numbered 1.5 million during the period – a drop of 2%, while domestic passengers totaled 1.2 million.