Aegean Q1 loss widens, sales rise
Aegean Airlines widened its loss in Q1 of 2016 compared to the same period a year earlier as sales grew 7.0%. Aegean reported a net loss of E21.5m in the first 3 months of the year versus a loss of E8.3m in the same period last year. Domestic passenger traffic grew 6% in January-to-March to 1.05m passengers and by 9% on flights abroad, the airline said. "We concluded the delivery of new aircraft and started the year with a significantly larger fleet. As we grow and domestic demand remains weak in the winter we will depend more on how the summer season fares," Aegean's CE Dimitris Gerogiannis said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-27/star/aegean-q1-loss-widens-sales-rise
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Aegean Q1 loss widens, sales rise
Aegean Airlines widened its loss in Q1 of 2016 compared to the same period a year earlier as sales grew 7.0%. Aegean reported a net loss of E21.5m in the first 3 months of the year versus a loss of E8.3m in the same period last year. Domestic passenger traffic grew 6% in January-to-March to 1.05m passengers and by 9% on flights abroad, the airline said. "We concluded the delivery of new aircraft and started the year with a significantly larger fleet. As we grow and domestic demand remains weak in the winter we will depend more on how the summer season fares," Aegean's CE Dimitris Gerogiannis said. <br/>
