Aegean Airlines Posts First Half Loss on Fuel Costs
Greek carrier Aegean Airlines reported a first half net loss of 3.3 million euros as rising fuel costs and Middle East disruptions offset revenue growth. Passenger traffic rose 3 percent during the period, though higher expenses impacted earnings.
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Aegean Airlines posted a first-half net loss of €3.3 million ($3.8 million) on Monday morning, swinging from a €47.9 million profit a year earlier. The Greece carrier faced soaring fuel costs and Middle East disruptions despite higher traffic. Pre-tax results deteriorated to a loss of €5.7 million from a €66.0 million profit in the prior-year period.
