Olympic loss

Inflexible costs and fierce competition have turned 54 of Olympic Airlines’ 68 routes into loss-making ones, at least according to 2007 figures.

Apart from the services to Toronto (the direct flight, not the one via Montreal), Istanbul, Cairo and Tel Aviv, which are profitable, all other 36 routes abroad generate losses for the national airline that last year amounted to 114.9 million euros.
eKathimerini