Aegean phases in int’l flights

Kathimerini English - - Front Page - BY DIMITRIS DELEVENGOS

Yes­ter­day’s re­sump­tion of a con­sid­er­able num­ber of in­ter­na­tional flights to Athens and Thes­sa­loniki pro­duced a marginally sat­is­fac­tory oc­cu­pancy rate for Aegean Air­lines, Kathimerin­i un­der­stands.

Greece’s flag car­rier yes­ter­day flew pas­sen­gers from 13 des­ti­na­tions to Athens, plus an­other two to Thes­sa­loniki, with the net­work in­clud­ing flights from Lar­naca, Zurich, Brus­sels, Am­s­ter­dam, Dus­sel­dorf, Bucharest, Ti­rana and Mu­nich.

Mar­ket pro­fes­sion­als note that seat oc­cu­pancy rates vary de­pend­ing on whether the flight had been stopped al­to­gether or not (with the Athens-Brus­sels ser­vice con­tin­u­ing through­out the lock­down).

Nev­er­the­less, car­ri­ers have now turned their at­ten­tion to last-minute book­ings that will de­ter­mine the course not only of Aegean but also of all other air com­pa­nies. They say that there is no doubt Greece re­mains a top tourism world des­ti­na­tion, but for this sum­mer’s cam­paign to be suc­cess­ful it will take the clar­i­fi­ca­tion of a se­ries of is­sues among coun­tries re­gard­ing air travel. The ho­tel sec­tor will also need to be ready to serve the coun­try’s vis­i­tors, pro­vided that most ac­com­mo­da­tion units across Greece open next month.

The next stage for the re­sump­tion of in­ter­na­tional flights in­cludes the con­nec­tion of des­ti­na­tions abroad with re­gional air­ports. In this con­text, Aegean is ex­pected in the com­ing days to draw up the flight sched­ule out of its hubs in Irak­lio and Ha­nia in Crete and Rhodes, among oth­ers. By July 15 it is ex­pected to serve 42 des­ti­na­tions abroad out of Athens and at least seven for­eign des­ti­na­tions out of Thes­sa­loniki.

If one also takes into ac­count the 31 des­ti­na­tions of the listed air­line’s do­mes­tic net­work that never ceased be­ing served through­out the spring, then across its net­work and out of all its hubs, Aegean es­ti­mates by July 15 it will per­form about 1,000 flights per week, which by end-Au­gust will climb to 1,600.

The over­all fly­ing sched­ule when it fully ma­tures is ex­pected to lag the pre-coro­n­avirus one by about 50%. The grad­ual re­turn of flights for which the max­i­mum oc­cu­pancy rate could lead to the im­prove­ment of cash flow, though not to the im­me­di­ate im­prove­ment of the fi­nan­cial re­sults of the air­line.

Aegean Air­lines, Greece’s flag car­rier brought pas­sen­gers from 13 des­ti­na­tions to Athens yes­ter­day, plus an­other two to Thes­sa­loniki, with the net­work in­clud­ing flights from Lar­naca, Zurich, Brus­sels, Am­s­ter­dam, Dues­sel­dorf, Bucharest, Ti­rana and Mu­nich.

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