April – May 2017 Passenger Traffic
2 million passengers and overall international traffic increased by 15%, while traffic to Athens increased by 19%!
AEGEAN’s international passenger traffic increased by 15% during April and May 2017, if compared to the same period in 2016. Significant momentum was achieved with the commencement of the summer season and the transportation of 1.2 million passengers. The Athens base—with the contribution and maturity of destinations launched in 2015 and 2016, but also with new destinations – launched in 2017—recorded the largest increase, with international passengers increasing by 19%.
Overall passenger traffic in the domestic and international network amounted to 2.1 million passengers, recording an 8% increase if compared to 2016. Even in the domestic network, the company maintained its total number of passengers stable, despite the reduction in Public Service Obligation Routes operated by Olympic Air, and the entry of new competitor airlines to the market.
https://en.about.aegeanair.com/media...oy-maioy-2017/
---
First Quarter 2017 Trading Update
Higher passenger traffic with improved load factors
Kifissia, 23 May 2017
AEGEAN announces a trading update for the First Quarter of 2017 showing consolidated revenue at €151.9m, 3% higher compared to €147.9m in the first quarter of 2016. Passenger traffic rose by 5% compared to 2016, reaching 2.1m passengers, with significantly improved load factors. The company operated 7% less flights compared to the respective period in 2016.
Net losses after tax stood at €35.8m from €21.5m in the respective quarter of 2016. Fleet underutilization in the winter months along with the move of Easter into the second quarter of the year, weighed on results of the seasonally weakest quarter of the year.
Traffic in the international network increased by 17%. On the other hand, domestic traffic was 6% lower, as the Company adjusted the activity to soft demand with lower fares, reduced flights and hence achieving improved load factors.
Cash & financial investments reached €262m at period end 31.03.2017 [1].
https://en.about.aegeanair.com/media...rading-update/