BUSINESS

Aegean Air sees losses grow

TAGS: Business

Greece’s largest carrier Aegean Airlines posted a net loss of 35.8 million euros for the first quarter on Tuesday, up from 21.5 million euros in the same period a year ago.

The company, a member of the Star Alliance airline group, said results were hurt by the underutilization of its fleet in winter months.

Revenues rose 3 percent to 151.9 million euros, with passenger traffic increasing by 5 percent.

[Reuters]

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