Aegean: solid results and record profitability since the start of the year

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Aegean announced very good financial and operational results for the second quarter and first half of the yearyear 2023.

The Greek private airline recorded consolidated revenue of 449.1 million euros in the second quarter, up 37% compared to Q2 of the previous year. It made a pre-tax profit of 67.3 million euros. Over this period, it transported 4.1 million passengers, an increase of 28% compared to the previous year, with a load factor of 82.6% (compared to 79.2% in Q2 2022).

In the first half of 2023, Aegean enjoyed passenger traffic growth of 42% compared to the first half of 2022, with a total of 6.7 million passengers. Its consolidated turnover reached 678.1 million euros, up 51% compared to H1 2022. Its profit before tax was 48.7 million euros, compared to a loss of 30.6 million euros. euros in the first half of 2022.

Since the start of the year, Aegean, the leading air carrier in Greece, has taken delivery of 9 new aircraft, bringing the number of aircraft in the family A320neo to 28. For the whole of 2023, it plans to offer a total of 18 million seats, including 11 million international seats, 2 million
more compared to 2022. With 10 bases and a total of 76 aircraft, its network serves 165 destinations in Greece and 45 countries.

Our performance in the first half of 2023 confirms the consistent implementation of our objectives in a context of strong demand and intense competition. We are delivering exceptionally strong results driven by our network expansion and increased capacity from new aircraft deliveries, while maintaining budgetary discipline and continually improving our services and product to strengthen our competitiveness. In the third and fourth quarter, the Group plans to operate with 10% to 15% more seats per available kilometer (ASKs) respectively compared to the corresponding period of 2022, thus supporting the extension of the tourist season and the increase capacity investment in several regions “, said Dimitris Gerogiannis, CEO of Aegean.

John Walker Avatar