BUSINESS

Aegean financial results soar higher

ALEXANDRA KASSIMI

TAGS: Transport, Business

Aegean Air reported a considerable increase in passenger seat occupancy rates over the first nine months of the year, with the rising traffic benefiting the carrier’s financial results.

Pretax profits reached 101.9 million euros, while after-tax earnings increased 40 percent year-on-year to 71.7 million euros.

In the traditionally strongest quarter of the year (July-September), group revenues came to 445.6 million euros, up 7 percent from the third quarter of 2016.

In total in the year’s first nine months there were 11 percent more passengers per flight and total traffic increased by 4 percent.

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