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Aegean Airlines Reports 15% Increase in Passenger Traffic for 2015

Aegean AirlinesAegean Airlines has announced total passenger growth of 15 percent in 2015. Passengers carried reached 11,650,374, which are 1,537,849 more than in 2014.

According to Aegean, the greatest part of the increase derived from the international network, where the airline invested in new destinations, which marked a 24 percent increase.

Also, despite significant competition and weak internal demand, for another year Aegean presented growth in domestic traffic (seven percent).

As noted in an announcement, Aegean presented positive dynamic in all of its bases in Greece and in Larnaca, Cyprus. Its main hub in Athens was the “champion” of the company’s overall activity, boasting 15 new destinations and having more than doubled its international network within two years. Athens traffic exceeded nine million passengers in total. The city was either a final destination or an interconnection hub — for the Greek islands — with new international markets the company has invested in and launched connections to.

In regards to the increase of domestic traffic, the cities of Athens, Heraklion and Rhodes showed significantly higher growth rates compared to the overall market. Athens came out the winner in 2015, marking an impressive increase rate of 28 percent, based on traditional markets such as France, Cyprus, Italy or Switzerland, countries in which the company operates direct flights to many more destinations, and also to new markets, such as Saudi Arabia, Norway and Iran, added in 2015.

Furthermore, thanks to the expansion of direct connections and the number of aircraft flying from Heraklion and Rhodes, the company was able to cover the significant losses of the said destinations from the Russian market (45 percent). Aegean presented a positive traffic increase of 19 percent and 17 percent respectively “from these two important for Greek tourism bases”, which suffered an overall market downturn.

AEGEAN’s CEO, Dimitris Gerogiannis, said that this year the company will dynamically continue its efforts in the same direction.

“We are obviously hoping for stability, which will allow foreign visitors to flow into our country, and the state to proceed, either itself or by providing concessions to investors, to all necessary upgrading, building of infrastructure, and establishment of regulators in the aviation sector.”

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