Aegean Airlines reports its 2017 results

Aegean’s financial results for fiscal year 2017 show an 11% rise in consolidated revenue at €1,127.6m.  Performance in international routes has boosted consolidated EBITDA at €120m, 56% higher than the previous year. Pre-tax earnings reached €85.8m, 66% higher than 2016, while net earnings after tax increased by 87% at €60.4m. Total traffic reached 13.2m passengers, 6% higher than 2016. International network continued to be the main growth driver, with traffic reaching 7.3m passengers, 9% higher than 2016. It is worth highlighting that back in 2013, upon Olympic Air’s acquisition, aggregate Aegean and Olympic Air international traffic stood only at 4.3m