Aegean Carries 9.8m Passengers During Jan-Sept

Aegean Airlines recently announced a six percent rise in passenger numbers to 9.8 million during the January-September 2016 period and a three percent increase in consolidated revenue to 819.9 million euros.

In a recent announcement, the company said that domestic passenger traffic rose by two percent to 4.5 million while passengers carried on its international network rose by 10 percent to 5.3 million.

During the third quarter of the year, revenue rose by seven percent to 416.3 million euros with net earnings after taxes up 11 percent at 74.9 million euros.

The strong performance of the third quarter led to nine-month revenue of 819.9 million euros and net earnings after taxes at 51.2 million euros.

According to Aegean, the main drivers behind the positive set of results in the quarter include the rebound in demand as of July, the positive performance of key established international routes served, as well as newly launched routes during the last two years, and increased connecting flows out of Athens.

Cash and cash equivalent, including short term financial investments, reached 299 million euros on September 30.