Adds particulars, CEO remark
ATHENS, April 12 (Reuters) – Greece’s largest service Aegean Airways AGNr.AT on Monday reported a full-year internet loss for 2020 as passenger site visitors fell amid the coronavirus pandemic.
Aegean mentioned its internet loss was 227.9 million euros ($270.eight million) in contrast with a internet revenue of 78.5 million euros in 2019. Gross sales fell 68.3% to 415.1 million euros.
Aegean, a member of the Star Alliance airline group, mentioned the resurgence of the pandemic and renewed restrictive measures imposed throughout Europe and Greece “closely impacted” load components within the fourth quarter, with passenger site visitors down by 77%.
“2020 was actually essentially the most tough 12 months in aviation historical past,” Chief Government Officer Dimitris Gerogiannis mentioned in an announcement.
The airline will improve resilience and competitiveness as soon as restrictions are regularly lifted, he mentioned.
The beginning of 2021 has additionally been closely affected by restrictions to stem the unfold of the pandemic with Aegean anticipating a gradual however vital restoration within the second half so long as vaccinations proceed, Gerogiannis mentioned.
The corporate expects to take supply of its fourth A321 neo and ninth Airbus A320 neo jets in Might as a part of a fleet renewal plan that features 46 new plane as much as 2026.
($1 = 0.8416 euros)
(Reporting by George Georgiopoulos)
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