Q4 2018 Aegean Airlines SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Gaily, your Chorus Call operator.
Welcome, and thank you for joining the Aegean Airlines Conference Call to present and discuss the Full Year 2018 Financial Results. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Eftichios Vassilakis, Chairman. Mr. Vassilakis, you may now proceed.
Yes. Good afternoon, everybody. Welcome to our annual results call.
Once again, beyond me, we have in attendance both Mr. Kouveliotis, our CFO; and (inaudible), our Treasury and Investor Relations Director, so welcome.
2018 was a difficult year because we had 2 headwinds going against us. One was a significant increase of competitive capacity to our markets, which was between 14% and 17%, depending if you consider Athens or the regions or the overall Greek capacity situation, and of course, a significant increase in the price of fuel.
Despite those 2 effects, we followed a
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |