Greece-based Aegean Airlines reduced net losses 14% in the first quarter, reporting a net loss of €30.8 million ($38 million), narrowed from a net loss of €35.8 million in the year-ago quarter. Consolidated revenue was up 9% year-over-year (YOY) to €165.4 million compared to €151.9 million in 1Q 2017. According to the company, RASK increased 2% to 5.8 euro cents. Yield declined 3% to 7.2 euro cents YOY and CASK also declined 1% to 5.9 euro cents. “Outlook for ...

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