Aegean Airlines H12016 net loss

Aegean Airlines has reported a net loss of €23.7 million for the first half of 2016 compared to a net profit of €14.8 million in the year-ago period. Revenue was flat at €403.5 million, compared to €403.6 million. The Greek airline and its subsidiary carrier, Olympic Air rose 5%, from 4.96 million to 5.22 million in the six month period. Load factor fell by 2.2 percentage points to 71% due to a fall in international capacity growth. RPKs dropped 10% to 8.2 euro cents. “For a third consecutive year, we continued with our significant investments in network expansion, now covering