Aegean swings from losses to prof­its in Q2

Kathimerini English - - Focus - ALEXAN­DRA KASSIMI

Aegean Air has flown from losses to prof­its, as in the sec­ond quar­ter it recorded pre­tax earn­ings of 23.2 mil­lion euros, con­tribut­ing in the growth of the tourism mar­ket and the econ­omy in gen­eral. At the same time, it is hop­ing for the best in its pro­cure­ment of new air­craft from the world’s big­gest con­struc­tors.

The fa­vor­able Q2 re­sults an­nounced yes­ter­day have re­duced the car­rier’s losses of the first half of the year by 16 per­cent com­pared with the same pe­riod last year.

In the Jan­uary-June pe­riod Aegean saw a 12 per­cent year-onyear in­crease in turnover that reached 450.7 mil­lion euros, and a rise in pas­sen­ger fig­ures by 6 per­cent to 5.6 mil­lion.

In the sec­ond quar­ter alone group rev­enues amounted to 298.8 mil­lion euros, up 17 per­cent from April-June 2016, without in- creas­ing the num­ber of flights. The rise was due to the in­crease in seat oc­cu­pancy rates.

Aegean is also ex­pect­ing the out­come of the ri­valry be­tween Boe­ing and Air­bus ahead of an or­der for 45 to 55 air­craft by Greece’s main car­rier. The ten­der to that ef­fect is go­ing to be com­pleted by end-Novem­ber when Aegean will have to pick the con­struc­tor that of­fers the best terms.

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