Aegean Airlines revenue up 3%; profit up 42% to EUR37.7 million

Aegean Airlines revenue up 3% - financial highlights for the nine months ended Sep-2009:

• Revenue: EUR481.3 million, +2.8% year-on-year;
• Operating profit (loss): EUR57.4 million, -16.3%;
• Profit before tax: EUR47.9 million, +34.6%;
• Net profit: EUR37.7 million, +42%;
• Passenger numbers: 5.1 million, +10.0%;
  • Domestic: 2.9 million, +3%;
  • International: 2.2 million +21%. [more]

Aegean Airlines: "In a challenging environment for the European airline sector, AEGEAN continued its moderate expansion and at the same time managed to report healthy financial results. Our new fleet, the trust of our passengers, the future STAR ALLIANCE membership and our healthy financial position, provide us with confidence for the continuation of our successful path. At the same time we cannot ignore the significant yield pressures as a result of the crisis and the competitive environment, which now have a significant impact on our operating profitability," Dimitris Gerogiannis, Managing Director. Source: Aegean Airlines, 26-Nov-2009.