Greek carrier Aegean Airlines reported a first-quarter net loss of €35.2 million ($39.6 million), 14% greater than a €30.8 million loss in the year ago period as fuel costs rose and average fares declined. The airline and its Olympic Air subsidiary saw consolidated revenue rise 4% year-over-year (YOY) to €172 million, compared to €165.4 million in 1Q 2018. Pre-tax losses widened to €48.7 million from €42.6 million a year ago. Fuel costs were up 15% for the ...

Subscribe to Access this Entire Article

"Aegean widens 1Q net loss on fuel costs, lower fares" 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.

Already registered? here.