Aegean Airlines A320. Photo: By Rob Finlayson. Aegean Airlines said it managed to reduce its first-quarter net loss to €16.3 million ($23.3 million) from a €25.6 million deficit in the year-ago quarter despite weak demand in Greece, combined with the 40% year-over-year rise in the price of fuel. Efforts to improve competitiveness, as well as capacity cuts implemented during the winter months, were the main contributors to the loss containment, Aegean said. Revenue fell 8% ...

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