Aegean Airlines remains in the red in 1Q2015

Aegean Airlines revenue up 3% - financial highlights for three months ended 31-Mar-2015:

• Revenue: EUR138.1 million, +3% year-on-year;
• Costs:
• • Fuel: EUR30.8 million, -17%;
  • Labour: EUR24.3 million, +9%;
• EBIT (loss): (EUR17.5 million), compared to a loss of EUR9.7 million in p-c-p;
• Profit (loss) before tax: (EUR12.3 million), compared to a loss of EUR10.8 million in p-c-p;
• Net profit (loss): (EUR8.3 million), compared to a loss of EUR8.4 million in p-c-p.
• Passenger numbers: 1.8 million, +13%;
• Domestic: 995,000, +7%;
• International: 851,000, +22%;
• Revenue per ASK: EUR 6.3 cents, -15%;
• Yield: EUR 9.0 cents, -11%;
• Cost per ASK (EBT level): EUR 6.8 cents, -14%;
• Cost per ASK (EBT level) excl fuel: EUR 5.5 cents, -9%;
• Average sector length: 725 km, +8%. [more - original PR]

Aegean Airlines: "We continue to believe that network synergies and tourism development in our country can offer further potential to our company provided a return to stability is achieved in the very near term for our country. Meanwhile, we start taking delivery of our new aircraft as of June 2015 with planned deliveries until March 2016. The performance of the forthcoming summer period of June-October, given the significance of summer revenues will as usual determine the validation of our 2015 capacity and scope investments," Dimitris Gerogiannis, Managing Director. Source: Company statement, 27-May-2015.