Aegean CEO confirms 3Q2018 outlook, higher fuel prices to 'continue to affect our costs'

Aegean Airlines CEO Dimitris Gerogiannis confirmed (31-Aug-2018) the carrier recently launched 11 new routes from Athens International Airport. Mr Gerogiannis said the carrier continues to develop revenue and product with "additional bank loyalty programmes, and new booking and selection options", and "most importantly we are now committed to the A320neo family which will bring additional efficiency, range and improved service possibilities to our customers". The carrier's outlook for 3Q2018, which "substantially determines full year results" due to the seasonality of the Greek air transport centre, remains "positive... despite competitive capacity increases". Mr Gerogiannis concluded: "Higher fuel prices will continue to affect our costs, only partly mitigated by our fuel hedging policy". [more - original PR]