Aegean Airlines posts net loss in its first-quarter 2019 results

Aegean Airlines has posted a net loss of €35.2 million ($39.6 million) in its first-quarter 2019 financial results, a 14% decline from the €30.8 million loss experienced in the same period last year.  The Greek airline has reported its pre-tax losses stood at €48.7 million, an increase from €42.6 million a year ago. Aegean has blamed fuel cost rises, up 15% for the quarter, and average fares declining as reasons for the increased losses. Meanwhile, the airline saw its consolidated revenue rise 4% year-over-year to €172 million, as it reported it had carried 2.5 million passengers during the quarter, up 7 %