Implications for A3 of an exit from the Eurozone
Jul 5, 2015, 3:44 pm
#106
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Good to see that at least there's a sense of humour pervading what's still a very unpredictable and serious next few days and weeks ahead for Greece and her people.
Jul 5, 2015, 3:53 pm
#107
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The BBC's Economic Editor, Robert Peston, has expressed some rather over-the-top and sensationalist views in the past, but the implications he outlines here should be deeply concerning for any European citizen or business - including A3.
http://www.bbc.co.uk/news/business-33404011
http://www.bbc.co.uk/news/business-33404011
Jul 6, 2015, 2:24 am
#108
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It looks like things will become more clear after tomorrow (after the eurogroup).
But, then again, it's been more than once than we expected things to get back on track lately.
By the way, i visited ATH and SKG yesterday and most of the traffic (terminal-wise) was A3 traffic. Both my flights full.
But, then again, it's been more than once than we expected things to get back on track lately.
By the way, i visited ATH and SKG yesterday and most of the traffic (terminal-wise) was A3 traffic. Both my flights full.
Jul 6, 2015, 3:24 am
#109
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The problem, of course, is that time is not on Greece's side. That will inevitably give the creditors a greater hand to play in the negotiations - plus there's clearly no love lost between the Eurozone countries and the Greek Government, so there's going to be even less give-and-take and Greece arguably has more to lose then the creditors.
Grexit and capital controls might not be bad for A3. Of course demand for domestic flights drops quite a lot but cheaper labor also opens new opportunities. For instance A3 could increase wet-lease operations for tour operators and other airlines.
Jul 6, 2015, 6:46 am
#110
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A3 is an excellent full service airline. I hate to see them to shift toward charter-like operations for tour groups.
Jul 6, 2015, 7:37 am
#111
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Not going to happen. If anything they would prosper if they do it right and thus far in a climate of crisis after crisis over the last 5 years they have survived and not only that excelled so they are well placed.
Jul 6, 2015, 9:28 am
#112
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For quite many package tour travellers price is more important than schedule.
Jul 6, 2015, 8:16 pm
#114
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Interesting media treatment of the vote: Some sources are suggesting that the resounding no vote is almost like a raised finger. This morning some TV news showed ATMs with fewer than ten relaxed people waiting, while others showed ATMs with very long lines, apparently over a hundred people for a single machine. The latter tended to also have cops in riot gear in the pictures, although nothing seemed to be happening that would require an increased police presence. There are various opinions about the extent to which stock prices already reflected the Greek situation and some apparent surprise that the Euro isn't falling more against the dollar.
Jul 7, 2015, 7:19 am
#115
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The media likes sensationalism, just like NBC showed an image of a homeless man lying on the street and they made it look as if due to the vote he became homeless. SO you have to take everything with a grain of salt.
Jul 9, 2015, 11:19 pm
#116
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The latest (current) Greek proposal included higher taxes on hotels and restaurants. This sounds like a great way to discourage tourism, although it has the obvious advantage that tourists don't vote.
Jul 10, 2015, 3:29 am
#117
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Lets hope some of it can be absorbed. At least tourism is booming so I dont think a few extra Euro will make a huge impact. Lets hope not otherwise the sharks would have brought down the tourist industry aswell as a generation of youth. 
Jul 12, 2015, 2:09 am
#119
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It would be good to focus the discussion more on the implications for future A3 operations of the current bailout impasse. Does anyone know what actions Aegean has taken to protect itself against Grexit? Is their fare revenue now being channelled to foreign subsidiaries of Greek banks (e.g. in Cyprus)? Have there been advance fuel purchases for supplies overseas? Also, I would be interested to hear any views about whether Miles and Bonus points should now be exchanged for flights on other *A airlines - I have 150k and would not like to lose them.
Jul 12, 2015, 9:03 am
#120
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It would be good to focus the discussion more on the implications for future A3 operations of the current bailout impasse. Does anyone know what actions Aegean has taken to protect itself against Grexit? Is their fare revenue now being channelled to foreign subsidiaries of Greek banks (e.g. in Cyprus)? Have there been advance fuel purchases for supplies overseas? Also, I would be interested to hear any views about whether Miles and Bonus points should now be exchanged for flights on other *A airlines - I have 150k and would not like to lose them.