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 ...

Subscribe to Access this Entire Article

"Aegean posts rare first-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.