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Q2 2019 Aegean Airlines SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I'm Christantino, your Chorus Call operator. Welcome and thank you for joining the Aegean Airlines Conference Call to present and discuss the first half 2019 financial results. At this time, I would like to turn the conference over to Mr. Eftichios Vassilakis, Chairman. Mr. Vassilakis, you may now proceed.
Hello, good afternoon, everybody, and welcome to our quarter 2 and H1 results for 2019. Let me say at the onset that we think we have just released a very solid set of results for this year, set -- for the first half of the year, set against a backdrop of a slowdown of the European economy; and at the same time for the first time in last 5 years, 6 years, a slowdown in arrivals to Greece -- tourism arrivals to Greece. So within that environment, the company has achieved to produce 14% more revenue using essentially the same fleet of aircraft as last year. So we have no additions to our fleet during the first half of 2019. The reason for
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