All Aegean Airlines articles – Page 2
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NewsAegean Airlines takes majority stake in fledgling Romanian operator Animawings
Aegean Airlines has taken a bigger step into the Romanian market by becoming the majority shareholder in leisure operator Animawings, the Greek carrier said on 14 October.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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NewsAegean to restore 80% of capacity as losses narrow
Aegean Airlines’ losses almost halved year on year in the first quarter of 2021, and the Greek carrier aims to restore 75-80% of its capacity in the third quarter.
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NewsAegean awarded state funds following successful capital increase
Aegean Airlines has received a €120 million ($142 million) grant from the Greek government, after completing a required €60 million share capital increase.
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NewsGreece’s Aegean looks to second half for recovery
Greek carrier Aegean Airlines is expecting a gradual, but significant, recovery in the second half of this year, if progress with coronavirus vaccination roll-out and European digital passport initiatives progress. But the company says the first months of this year have been “heavily impacted” by restrictions, as it unveils the ...
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsGreece cleared for €120m state contribution to Aegean
European regulators have approved Greek plans to contribute €120 million ($146 million) as part of recapitalisation plans for Aegean Airlines. Greece notified the European Commission of plans for an aid measure to compensate Aegean for damage suffered from travel restrictions imposed between 23 March 2020 to 30 June 2020. The ...
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.
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NewsAegean Airlines first-half revenue falls by two-thirds
Greek carrier Aegean Airlines saw its earnings collapse by 64% in the first half and is warning that the “least predictable winter ever” lies ahead.
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NewsAegean Airlines to operate at half of 2019 capacity in August
Greece’s Aegean Airlines is operating around 40% of last year’s summer capacity in July, rising to half in August, as it looks to rebuild its schedules after the coronavirus grounding.
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NewsEasyJet and Wizz among first to adopt new EASA protocol
Aegean Airlines, EasyJet and Wizz Air have become the first carriers to sign up to the European Union Aviation Safety Agency’s protocol of measures aimed at ensuring the safe restoration of air services.
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NewsEuropean carriers take tentative steps to restoring networks
Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European cities in mid-June. ...
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NewsAegean declares preliminary interest in Croatia Airlines
Greek carrier Aegean is submitting an indicative offer as part of the privatisation plan for fellow Star Alliance operator Croatia Airlines. The Croatian government stated earlier this year, during events to mark the flag-carrier’s 30th anniversary, that it was launching a strategic partnership process to maintain the airline’s competitiveness. Croatian ...
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NewsIAG chief predicts more airline failures in 'tough' 2019
IAG chief executive Willie Walsh expects further European airline bankruptcies in 2019 amid "stubbornly" high fuel prices and competitive pressures in what is likely to a "tough" year for the sector.
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News
Aegean plans bond issue to fund A320neo order
Aegean Airlines will seek to raise €150-200 million ($170-230 million) from the capital market to fund pre-delivery payments on the 30 Airbus A320neo-family jets it has ordered.
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Aegean first-half loss widens amid competitive pressures
Aegean Airlines has cited "substantial competitive capacity increases" after its operating loss widened 40% in the first half of 2018, to €14.7 million ($17.2 million).
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Airline Strategy Awards recognise Air Canada and AerCap chiefs
Air Canada boss Calin Rovinescu and Aengus Kelly, who runs leasing giant AerCap, took away the top prizes at the Airline Strategy Awards ceremony in London on 15 July.
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Aegean firms A320neo order
Aegean Airlines has firmed up an order for 30 Airbus A320neo-family jets.
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Laudamotion to launch Tegel base amid intensifying competition
Laudamotion will open a new base and operate 17 routes from Berlin Tegel this summer as part of its co-operation with new investor Ryanair.
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