Aegean Airlines weathered increased competition in Western Europe and soaring fuel prices to post a profit of €35.8 million ($52.6 million) in 2007, up 39% from the €25.7 million earned the prior year, as rising load factors and "distribution efficiencies" resulting from higher Internet bookings boosted its bottom line. MD Dimitris Gerogiannis said the airline's June IPO (ATWOnline, July 3, 2007) and growing profits "provide financial security for implementing our growth plans." ...

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