BR IEF

Kathimerini English - - Focus -

Volotea in Greece.

Span­ish low-cost car­rier Volotea an­nounced it will be us­ing Athens In­ter­na­tional Air­port as a hub as of spring, when it will start op­er­at­ing sched­uled flights from the Greek cap­i­tal to four des­ti­na­tions in Italy and even a do-

Yields dive.

Eu­ro­zone bond yields fell yes­ter­day after data showed mod­est and patchy third-quar­ter growth in the cur­rency bloc, keep­ing in­tact bets for more eas­ing from the Euro­pean Cen­tral Bank. Greek yields fell the most, though moves there are ex­ag­ger­ated by thin liq­uid­ity, down 13 ba­sis points at 8.06 per­cent after the econ­omy posted three con­sec­u­tive quarters of growth this year, emerg­ing from its worst re­ces­sion since World War Two.

had been hit hard by a weak US hous­ing mar­ket and the Greek debt cri­sis, but its for­tunes be­gan to im­prove last year, helped by the re­sump­tion of a ma­jor Greek high­way project and a re­cov­ery in the United States. Net profit rose to 27.6 mil­lion euros in the third quar­ter from 7.2 mil­lion in the same pe­riod last year. A weaker euro against the dol­lar and the Egyp­tian pound led to for­eign ex­change gains of 21 mil­lion euros in the quar­ter, Ti­tan said. Last year, it had cur­rency losses of 4.5 mil­lion euros. Sales rose by 2 per­cent to 308.5 mil­lion euros, with growth in the United States and Greece more than off­set­ting a de­cline in Egypt, where nat­u­ral gas sup­ply short­ages hurt the op­er­a­tion of its plants. mes­tic ser­vice. Volotea chief ex­ec­u­tive Car­los Munoz stated in Athens that the air­line will fly from Athens to Venice, Bari, Palermo and Pisa as well as to San­torini, start­ing from April. The air­line has been op­er­at­ing char­ter flights to 10 Greek air­ports since 2012, has brought over 190,000 pas­sen­gers and is also plan­ning to ex­pand to the air­ports of Thes­sa­loniki and Zakyn­thos.

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