• Booming Greek tourism lifts Aegean Airlines to another strong profit

    14 days ago - By Travel and Tourworld

    Greece's Aegean Airlines, riding a strong wave of inbound tourism, reported its third straight profitable quarter this week.
    For the three months ending in December, Aegean earned a 2 percent operating margin, a full point better than what it earned in the same quarter of 2019.
    Greece is a highly seasonal airline market, and one typically defined by very strong profits in the summer but losses during the winter.
    Any fourth quarter profit is thus considered a victory.
    In Aegean's case, its Q4 strength follows an extremely strong summer quarter, in which operating margin reached 29 percent...
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