Greece's Aegean Airlines grows passenger traffic 5% in Q1

Greece's largest carrier Aegean Airlines said on Wednesday passenger traffic grew 5% in Q1, with load factors improving to historically high levels for the winter season. The company, a member of the Star Alliance airline group, said it flew a total of 2.1m passengers on domestic and foreign routes, together with its subsidiary Olympic Air. Its overall load factor - a measure of how full its planes are - improved by eight percentage points to 76.8% compared to last year's Q1. Aegean, which flies a young fleet of 61 aircraft, mostly Airbus A320 jets, said passenger numbers on flights abroad grew 17 percent to 1.1m but fell 6% on domestic routes due to weaker demand. "The course of load factors and pre-bookings for the summer season ... are very encouraging for how the full year will turn out," CE Dimitris Gerogiannis said.<br/>
Reuters
http://www.reuters.com/article/greece-aegeanair-idUSL8N1HR45X
4/19/17
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