[ad_1]
Aegean announces its financial results for the first nine months of 2018, recording a 5% increase in consolidated business, which amounted to 939.3 million euros.
Net profit before tax increased 14% to 115.8 million euros, while after – tax profit increased 13% to 80.9 million euros.
In January-September 2018, Aegean and Olympic Air carried 10.8 million pbadengers, an increase of 6%, including 4.8 million pbadengers on the domestic network and 6 million on the international network. Pbadenger traffic from Athens increased by 12%. The average occupancy of flights improved from 82.9% in 2017 to 83.6% in 2018, thanks to efficient network and freight management.
AT the third and strongest quarter of the year Consolidated net income amounted to € 483.6 million, up 9% compared to the same period in 2017. Net income before tax amounted to € 134.1 million, while earnings after taxes amounted to € 94, 7% and 3% improved compared to the corresponding quarter of 2017, despite a significant increase in fuel costs of 27%.
Net operating cash flow amounted to € 161.8 million, or € 389.9 million (1) as at 30.09.2018, after disbursement of the initial advance of € 34 million for the implementation implementation of the order agreement of the family Airbus A320neo new generation.
Mr Dimitris Gerogiannis, Director General, said:
"In the third quarter, thanks to the development of a network in the main hub of Athens and the introduction of new services and products offering added value to our pbadengers, we have managed to generate strong profitability. despite the growing number of competitors domestic oil prices, but also significantly higher.We are recording a reasonable growth rate for the second year by focusing on creating the skills and infrastructure that will allow us to make the most of our significant investment in a new fleet, creating new opportunities for our company and our employees. "
[ad_2]
Source link
