Aegean has today released their trading update. Some positive notes for an expected uplift in passengers especially in the 3rd quarter. Hopefully things go as expected. Greece being a very early adopter of the EU Covid cert tourist numbers are begining to rise again.
First Quarter 2021 Trading Update
Travel restrictions during the second lockdown which remained in force in 2021, have negatively impacted the Group’s activity and financial results in the first quarter of the year, as it was indeed the case for the last quarter of 2020 as well.
More specifically, consolidated revenues reached €44,3 mil., 70% down compared with the respective quarter in 2020. Passenger traffic stood at 460 thousand, 78% less compared with the first quarter of 2020 (82% less compared with the respective period in 2019), while total capacity offered as measured in available seat kilometers (ASK’s) decreased by 69% compared with the respective quarter in 2020 (or by 71% compared with the first quarter of 2019).
Net losses after taxes reached €44,5 mil. from net losses after taxes €85,4 mil. in the first quarter of 2020, with a significant effort to contain operating expenses.
https://en.about.aegeanair.com/media-ce ... ng-update/