Aegean reports record core earnings in Q1

Greece’s largest carrier, Aegean Airlines, reported grounds first-quarter halfway nett connected Wednesday, boosted by a emergence of 8% successful rider traffic.

A subordinate of the Star Alliance airlines group, Aegean reported net earlier interest, taxes, depreciation and amortization (EBITDA) of 43.8 cardinal euros successful the archetypal quarter, up from €33.2 cardinal a year ago.

First-quarter revenues surged 14% year-on-year to stand astatine €306 million.

“The continued betterment successful section demand, on with the gradual hold of the tourist season, peculiarly successful Athens and Thessaloniki, alteration us to run with improved strength implicit a gradually expanding period,” Chief Executive Dimitris Gerogiannis said successful a statement.

Looking ahead, the Greek bearer said it aimed to connection 21.2 cardinal seats successful 2025, up 1.5 cardinal from the erstwhile year.(Reuters)