ΑEGEAN and Olympic Air carried 7.9m in the 9-month period to September 2014, an increase of 14% compared to 2013 with load factor at 79%. Traffic in the domestic network increased by 16% with the market showing good elasticity to lower fares. International traffic rose by 12%, with traffic out of Athens registering a higher growth rate of 18% on the back of AEGEAN’s network expansion and a strong rebound for the city’s incoming tourism.
Operating cash flow improved to €124m, resulting to cash & short term INVESTMENTS rising to €264m at the end of September, despite the share capital return which took place in July 2014 as well as pre-delivery payments to Airbus in relation to the recently announced aorder.
Source and image: Aegean Airlines