Aegean widens 1Q net loss on fuel costs, lower fares

Credit: Rob Finlayson

Greek carrier Aegean Airlines reported a first-quarter net loss of €35.2 million ($39.6 million), 14% greater than a €30.8 million loss in the year ago period as fuel costs rose and average fares declined. The airline and its Olympic Air subsidiary saw consolidated revenue rise 4% year-over-year...

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