ATHENS, Sept 19 Aegean Airlines swung
to a loss in the first half of 2016 due to weak demand at home
and a value added tax increase, Greece's largest carrier said on
The company reported a net loss of 23.7 million euros
($26.51 million) in the first half of the year, versus a profit
of 14.8 million in the same period last year. Sales were flat,
at 403.5 million euros.
Domestic passenger traffic grew 5 percent in the same
period, to 5.2 million passengers.
"Weak demand during the second quarter of the year and
mainly during May and June, negatively impacted our operating
results and profitability," Aegean's Chief Executive Dimity's
Gerogiannis said in a statement.
($1 = 0.8940 euros)
(Reporting by Lefteris Papadimas)