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Aegean Airlines narrows Q1 loss as sales rebound strongly

By:
Reuters
Updated: May 26, 2022, 14:52 GMT+00:00

ATHENS (Reuters) - Greece's largest carrier Aegean Airlines reported a smaller loss in the first quarter compared to the same period a year earlier as passenger traffic recovered from the pandemic travel restrictions.

An Aegean Airlines Airbus A320 taxis as it prepares to take off from Manchester Airport, Britain.

ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines reported a smaller loss in the first quarter compared to the same period a year earlier as passenger traffic recovered from the pandemic travel restrictions.

Aegean, a member of the Star Alliance airlines group, reported a net loss of 38.5 million euros ($41.22 million) in January-to-March compared to a loss of 44.5 million in the first quarter of 2021. Sales nearly tripled to 120.8 million euros.

($1 = 0.9341 euros)

(Reporting by George Georgiopoulos)

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