Aegean Airlines reversed its traditional first-quarter deficit, posting a €4.6 million ($6.4 million) profit compared to a €4.4 million loss in the year-ago period, crediting falling oil prices, fleet renewal and reduced distribution costs owing to the rise in Web sales. It broke even on the operating level compared to a €6 million loss last year but recorded a €4.4 million gain on the sale of its participation in three catering companies. Revenue increased 13% to ...

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