Aegean FF and Grexit. With the continue uncertainty in Greece, anyone have an informed opinion for someone with Aegean FF Silver building towards Gold.
I can only speculate that currency controls and credit shortages may make it difficult for Aegean in the short term, if there is a Grexit. Longer term I see Greece as an increasingly viable and popular tourist destination if it reverts to its own currency, greatly helping Aegean's bottom line. A "hedge" for you Nicholas may be to redeem some of your accumulated miles if and when you can.
Like many in the media. I can only speculate on the short term, but longterm, I think an independant Greece is a good thing for Aegean and Greece as a destination. As Wilsoni says, it will improve their bottom line position. They'll actually be benefited from lower labour costs when paying their own currency, over time. It'll take some time for the correction to occur.
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Aegean FF and Grexit.
nicholas_yue
nicholas_yue
Virgin Blue - Velocity Rewards
Member since 25 May 2011
Total posts 13
Aegean FF and Grexit. With the continue uncertainty in Greece, anyone have an informed opinion for someone with Aegean FF Silver building towards Gold.
wilsoni Banned
wilsoni Banned
Qantas - Qantas Frequent Flyer
Member since 28 Sep 2011
Total posts 302
I can only speculate that currency controls and credit shortages may make it difficult for Aegean in the short term, if there is a Grexit. Longer term I see Greece as an increasingly viable and popular tourist destination if it reverts to its own currency, greatly helping Aegean's bottom line. A "hedge" for you Nicholas may be to redeem some of your accumulated miles if and when you can.
riley
riley
Virgin Australia - Velocity Rewards
Member since 19 Mar 2014
Total posts 358
Like many in the media. I can only speculate on the short term, but longterm, I think an independant Greece is a good thing for Aegean and Greece as a destination. As Wilsoni says, it will improve their bottom line position. They'll actually be benefited from lower labour costs when paying their own currency, over time. It'll take some time for the correction to occur.