Aegean Airlines expects to see ‘substantial’ savings from cost reductions in 2H2012

Aegean Airlines managing director Dimitris Gerogiannis announced (29-Aug-2012) he expects the airline to see "substantial savings" in 2H2012 from the airline's cost reduction efforts. Mr Gerogiannis said the weakness and uncertainty in the Greek economy will require the airline to make further significant adjustments, become more flexible and increase its focus on seasonal inbound leisure demand. [more - original PR]