Aegean Airlines reported net income for the first nine months of 2008 of €26.5 million ($34 million), down 21% from €33.4 million in the year-ago period, saying the results were "solid" given "unprecedented" oil prices earlier this year and "deteriorating economic conditions." The carrier did not provide quarterly results, but ATWOnline calculated that it posted a €21 million third-quarter profit on €205.5 million in revenue. Earnings were hurt by valuation losses on ...

Subscribe to Access this Entire Article

"Aegean posts €21 million third-quarter 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.