Aegean Airlines: 3% hike in consolidated revenue over Jan-Sept

Monday, 14 November 2016 13:56
UPD:13:57
ΑΠΕ-ΜΠΕ/ΠΑΝΤΕΛΗΣ ΣΑΙΤΑΣ
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Aegean Airlines on Friday reported a 3-percent increase in consolidated revenue in the January-September 2016 period, and a 6-percent rise in passenger traffic to 9.8 million, according to the state-run news agency AMNA.

Aegean Airlines and Olympic Air carried a total of 4.5 million passengers in domestic flights in the nine-month period, an increase of 2 percent compared with the same period last year, while passenger traffic in international flights totaled 5.3 million, up 10 percent over the same period.

The airline group said its third quarter consolidated revenue grew 7 percent to 416.3 million euros, while net after tax earnings rose 11 percent to 74.9 million euros. Nine-month revenue totaled 819.9 million euros and after tax earning amounted to 51.2 million euros, partly offsetting the impact of a weak first half.

Cash reserve, including short-term financial investments, totaled 299 million euros. 

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