2-Sep-2013 3:08 PM

Aegean Airlines in the black in 1H2013, 3Q2013 outlook positive

Aegean Airlines revenue up 22% - financial highlights for six months ended 30-Jun-2013:

  • Revenue: EUR278.6 million, +22% year-on-year;
  • Costs: EUR232.5 million, -3.9%;
    • Fuel: EUR81.3 million, -4.4%;
  • Operating profit: EUR30.4 million, compared to a loss of EUR30.3 million in p-c-p;
  • EBITDAR: EUR55.1 million, compared to a loss of EUR3.6 million in p-c-p;
  • Profit before tax: EUR15.9 million, compared to a loss of EUR48.0 million in p-c-p;
  • Net profit: EUR16.5 million, compared to a loss of EUR38.5 million in p-c-p;
  • Passenger numbers: 2.8 million, +3%;
    • Domestic: 1.2 million, -5%;
    • International: 1.6 million, +11%;
  • Revenue per ASK: EUR 6.64 cents, +22.5%;
  • Cost per ASK: EUR 5.32 cents, -3.4%;
  • Cost per ASK excl fuel: EUR 3.38 cents, -3.2%;
  • Passenger yield: EUR 8.90 cents, +14.0%;
  • Total assets: EUR490.2 million;
  • Cash and cash equivalents: EUR209.2 million;
  • Total liabilities: EUR319.6 million. [more - original PR]

Aegean Airlines: “The Company's outlook remains positive for the third quarter, with a continuing positive momentum in the international routes. On the other hand, the domestic routes are expected to continue to decline in value.” Source: Company statement, 30-Aug-2013.