20-Sep-2016 8:55 AM

Aegean Airlines Group remains in the red in 1H2016, sees improved demand and LF in 3Q

Aegean Airlines Group revenue stable – financial highlights for six months ended 30-Jun-2016:

  • Revenue: EUR403.5 million, stable year-on-year;
  • Costs:
    • Fuel: EUR83.2 million, -10%;
    • Labour: EUR55.8 million, +10%;
  • EBITDA (loss): (EUR20.1 million), compared to a profit of EUR19.7 million in p-c-p;
  • Profit (loss) before tax: (EUR31.7 million), compared to a profit of EUR18.9 million in p-c-p;
  • Net profit (loss): (EUR23.7 million), compared to a profit of EUR14.8 million in p-c-p;
  • Passenger numbers: 5.2 million, +5%;
    • Domestic: 2.6 million, +1%;
    • International: 2.7 million, +10%;
  • Load factor: 71.0%, -2.4 ppts;
  • Revenue per ASK: EUR 5.8 cents, -13%;
  • Yield: EUR 8.2 cents, -10%;
  • Average sector length: 814 km, +6%;
  • Total assets: EUR758.4 million;
  • Cash and financial assets: EUR299.8 million;
  • Total liabilities: EUR594.2 million. [more - original PR]

Aegean: "It is important to highlight that demand trends as well as load factors improved during the third quarter of the year with indications pointing to improved trends in September and October as well," Dimitris Gerogiannis, MD. Source: Company statement, 19-Sep-2016.

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