Greece-based Aegean Airlines Group reported a net profit of €78.6 million ($97 million) for the nine months ended Sept. 30, up nearly 33% from €59.2 million reported in the year-ago period. The airline attributed the improved results to network expansion and greater synergies achieved between Aegean and Olympic Air, which it acquired in October 2013. Consolidated revenue was up 10% to €736 million, and operating profit increased 45% to €142 million year-over-year. Aegean ...

Subscribe to Access this Entire Article

"Aegean Airlines, Olympic Air synergies help generate higher 9M profit levels" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.