Aegean Airlines Group hit €1 billion in full-year revenue for the first time in 2016, up 6% over $983 million in revenue for 2015. However, “weak demand in the second quarter of the year combined with domestic tax increases in value-added tax on airline fares by 11% had a negative impact on full-year results, despite strong performance in the third and seasonably most important quarter of the year,” Aegean MD Dimitris Gerogiannis said. Aegean’s 2016 net profit came ...

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