Aegean Airlines on Friday announced a 5.0 percent decline in its 2010 passenger traffic, due to the economic crisis in the country.
The Greek airline said passenger traffic totalled 6.23 million in 2010, with domestic traffic down 16 percent to 3.17m, although international traffic rose 9.0 percent to 3.06m passengers.
Turnover totalled 590m euros, resulting in a net loss of 22-24m euros, including an extra tax charge of 8m.
Aegean Airlines announced a reduction of its fleet and its capacity, particularly in domestic flights, a move combined with new systems introduced because of its entry to Star Alliance helped in limiting costs.
The company said it expected additional benefits by operating a fleet exclusively of Airbus A320 aircraft.
It added that initial signs over this year's tourism season were positive, but estimated it would report losses for the current year.
source: ANA
