Aegean Airlines saw its consolidated revenue and passenger traffic grow between 2015 and 2016.
Revenue increased by
4 percent to $1.09 billion and passenger traffic grew 7 percent to 12.5 million
passengers, according to a recent release from the company.
“In 2016 we operated a fleet of 61
aircraft, continuing our network expansion and reaching 145 total destinations
out of our main hub in Athens and the Greek regional airports,”
Managing Director Dimitris Gerogiannis said in the release. “We offered more than 16 million seats
and operated more than 112 thousand flights, surpassing EUR 1 billion ($1.07 billion) in
revenue for the first time, thus reaching historical high records for a Greek
The airline’s net earnings after tax
dropped from $73.6 million in 2015 to $34.6 million last year, a reduction
attributes to weak demand in the second quarter. Although the airline
maintains that weak domestic demand and a heavy reliance on tourist traffic
make the winter months a weak period, the figures for the third quarter are
“In 2017 we will continue to adjust our
network and focusing on our Athens hub,” Gerogiannis said. “Preliminary
indications for the summer season are positive with a rising prebookings trend
compared to last year.”
Aegean's consolidated revenue grows 4 percent
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