Aegean’s net profit up in Q3, down in 9-month

EconomyCorporates Tags: Corporates, Results

Aegean Airlines has announced its third-quarter (Q3) and 9-month trading update, which showed that revenue for Q3 2016 rose 7 percent from 388.6 million euros in Q5 2015 to 416.3 million euros. On a 9-month basis, revenues rose 3 percent from 792.2 million euros to 819.9 million euros.

EBITDA for the quarter rose 13 percent from 100.6 million euros last year to 113.8 million euros. On a 9-month basis, EBITDA fell 22 percent, falling from 120.3 million euros to 93.7 million euros.

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