Net profits fall 53 pct for Aegean in 2016

EconomyCorporates Tags: Corporates, Results

Aegean Airlines’ full year report for 2016 show that net profits fell sharply over the course of the year.

Revenue rose 4 percent from 983 million euros in 2015 to 1,020 million euros in 2016. EBITDAR stood at 206.9 percent, down by 5 percent compared to the 2015 figure of 217.3 million euros. EBITDA fell by 31 percent to 76.8 million euros compared to 111.2...

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