Aegean Airlines revenue down 3% in 1H2010

Aegean Airlines revenue down 3% - preliminary financial highlights for the six months ended 30-Jun-2010:

• Revenue: EUR267.4 million, -3% year-on-year;
• Profit (loss) before tax: (EUR33.5 million), compared with a profit of EUR18.2 million in p-c-p;
• Net profit (loss): (EUR32.6 million), compared with a profit of EUR13.4 million in p-c-p;
• Passenger numbers: 2.9 million, stable;
• Domestic: 1.5 million, -11%;
• International: 1.4 million, +18%;
• Load factor: 64.8%, +4.2 ppts. [more]

Aegean Airlines: "We must focus on destinations where we maintain a competitive advantage either due to our new Airbus A320 fleet or due to our entry into the Star Alliance. A possible imminent approval of our agreement with OA could allow us to ably present on the summer of 2011 an expanding profile which is necessary for both our company and our country," Dimitris Gerogiannis, Managing Director. Source: Aegean Airlines, 18-Aug-2010.