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%;
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- 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%;
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- 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.