Greek carrier Aegean Airlines reported an after-tax profit of €15.9 million ($21 million) for the half year ended June 30, down marginally from the €16.5 million reported for the same period the previous year. However, net earnings for the period were up 131% from €6.9 million year-on-year when Olympic Air is included in the respective period. First-half revenue increased 8% to €388.6 million, resulting in an operating profit of €41.4 million for the period, up 36% year-over-year. Aegean attributes the group's first-half improved results to its network expansion and cost synergies with Olympic Air, which it acquired in October last year.
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