Aegean has announced its first-half 2019 results with consolidated revenue at €519.4 million, 14% higher compared to 2018 and net losses narrowing to €13.0 million from €13.8 million in 2018, including the effect of implementation of IFRS 16 for the first time.
The adoption of IFRS 16 has a negative impact on results of €3.8 million. Therefore, net losses on a comparable basis, excluding IFRS 16 would have been €9.2 million as opposed to €13.8 million in 2018.
Total traffic in the first half of the year reached 6.5 million passengers, 9% higher than 2018. Passengers carried on domestic flights increased by 4% to 2.8 million. International network traffic, which accounts for 76% of consolidated revenue, increased by 12% to 3.7 million passengers. Load factor improved to 82.2% from 81.7%. (€1.00 = US$1.12 at time of publication.)
