FlyerTalk Forums - View Single Post - A3 financial results [last update Nov 2024, Q3 2024 results]
Old Apr 11, 2021 | 8:42 am
  #134  
johnirvine
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And what are you expecting Aegean to tell us in the conference call, Powergean? The forthcoming financial results will surely be a disaster as with most other non-LCC airlines. Without the recent Greek government bailout, backed up by a creatively constructed injection of 'shareholder funds' to appease EU rules, the company would surely have gone under. However, Aegean is so incredibly strategically important for the Greek economy that, come what may, the airline will be provided with all the support needed to continue operating. So none of us risks losing our cancelled flight refunds. But public funding necessarily comes with political interference in airline operations (and free upgrades for bureaucrats and politicians), and this is probably the biggest risk for the airline's future.
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