Aegean Airlines Reports €306 Million Revenue in Q1 2025

Aegean Airlines experienced significant growth in both revenue and operational performance during the first quarter of 2025. The company continued its strategic investment approach aimed at gradually reducing the intense seasonality in Greece. In detail, Aegean increased its capacity by 11%, reaching 4.1 billion available seat kilometers (ASKs), while total passenger traffic amounted to 3.1 million passengers, marking an 8% increase compared to the same period in 2024. International traffic recorded a 12% rise, and the load factor stood at 80.6%. The group’s revenue climbed to €306 million, up 14% from the first quarter of 2024. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €43.8 million, showing a 32% increase and representing the highest Q1 EBITDA in Aegean’s history. Operational improvements were also reflected in the EBIT, with losses narrowing to €2.6 million from €7.2 million in Q1 2024. After-tax losses decreased to €6.6 million versus €21.0 million in 2024. Dimitris Gerogiannis, chief executive officer, stated that the company continues to strengthen passenger traffic, especially internationally, flying more in winter than summer to certain destinations for the second consecutive year. Aegean plans to further expand its fleet with six aircraft deliveries in 2025, including three Airbus A321neos, two Airbus A320neos, and one ATR 72-600. The network will also be extended with new routes, enhancing connectivity and presence in strategic locations. For 2025, Aegean will offer 21.2 million seats, 1.5 million more than in 2024.