Half year loss for Aegean Airlines

Victoria
By Victoria September 3, 2012 16:19

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.

Victoria
By Victoria September 3, 2012 16:19
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