Originally Posted by CAPA

In 1Q2016, the Aegean Airlines group's net loss widened by 159% to EUR22 million. The result was additionally burdened by higher finance costs than in the same period last year, partly mitigated by a higher tax credit. The operating loss, which excludes these items widened by 58% to EUR28 million.

Revenue grew by 7% and the operating margin fell by 6.1ppts to -18.7%. Aegean's operating margin has suffered a year on year decline in every quarter since 4Q2014.