ECONOMY

Aegean profit dips a tad in third quarter

Aegean profit dips a tad in third quarter

Greece’s largest carrier Aegean Airlines on Thursday reported slightly lower net profit in the third quarter compared to the same period a year earlier, improving its load factor and passenger traffic.

Aegean, a member of the Star Alliance airline group, reported a net profit of 90.2 million euros compared to net earnings of 94.7 million in the same period last year.

The carrier said revenue in July-to-September rose 6 percent year-on-year to 512.5 million euros as its load factor improved to 87.7 percent from 86.1 percent in the same period a year earlier.

[Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.