ECONOMY

Aegean Airlines passenger traffic grows 10 percent in first quarter

Private carrier Aegean Airlines said yesterday first-quarter passenger traffic grew 10 percent, helped by network expansion and a fleet renewal program. Aegean, which competes with state-owned Olympic Airlines, flies domestic and international routes. The airline carried a total of 1,062,202 passengers in the first three months of the year on 11,601 flights. Passengers per flight rose 4 percent on average to 92 from 88 in 2007. Domestic traffic increased 1 percent to 705,483 passengers, with international traffic up 35 percent to 356,719 passengers. Last year, Aegean launched new direct flights from Athens to Frankfurt and Munich, code-shared with Lufthansa, and increased its frequencies to Milan, Sofia and Bucharest. In May this year, Aegean will start flights to London and launch a service linking Athens with Tirana, Albania’s capital. (Reuters)