Aegean Airlines' ambitions were checked last week when it was denied the right to purchase rival Olympic Airlines, but the carrier said it has continued on a "healthy and dynamic growth path" and finished 2008 with a €29.5 million ($37.5 million) profit, down only 18% from the €35.8 million earned the previous year. Revenue rose 27% year-over-year to €611.7 million, driven by a 14% increase in passenger numbers to 6 million and a 12% gain in average ticket price. Operating ...

Subscribe to Access this Entire Article

"Aegean committed to growth, reports €29.5 million 2008 profit" 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.