Originally Posted by
DELLAS
I and a few others I have been chatting to on the ground in ATH are a bit worried for the results after this Summer. With a new bailout crisis due soon A3 will be up against it again.
There will be a concern because of the wider economy, but to balance that Greece remains an attractive place to visit because of cost (both hotels and restaurants), so the tourist Euro should continue to grow because a downward pressure on prices will remain.
A3's recent main growth has come from international flights into ATH - no reason to suppose that will do anything other than continue its upward trend. The fear within other European countries of a complete collapse of the economy doesn't exist to the same extent as a few years ago, so the barrier to visiting is lower.
A3 does have an advantage as well in terms of aircraft utilisation - with an almost exclusive A320 series fleet it's relatively straightforward to switch capacity from domestic to international if that's where the demand is because range is not a problem. That's not something that could happen so easily at, say, BA, LH or TK.