“Provisions for the summer of 2025 are still positive despite the general economic, political and geopolitical uncertainties. Greece continues to be a particularly attractive destination, with the demand maintaining its potential. ” Aegean In its current (29.4.2025) regular general meeting.
The increased passenger traffic it described in 2024 continues in 2025, as already in the first quarter of the year, the company transferred 3.1 million passengers – 8% more than the corresponding quarter of 2024- with a 12% increase in overseas passenger traffic. According to Aegean CEO, the capacity offered is expected to increase by 1.9 million seats in 2025, growth higher than the European average, despite the restrictions that manufacturers still bring about the needs of the manufacturers. For the whole year, Aegean plans to allocate 21.5 million seats, with 47 countries and 249 destinations.
Mr. Gerogiannis made a special mention in the company’s investment plan, which, he said, continues consistently, with the aim of upgrading the services, enhancing competitiveness and creating high value added.
“We have already made an additional order of eight A321neo aircraft, further enhancing our fleet. With the extension of our order and having already received 35 new aircraft to date, all future deliveries for the coming years is 23 new aircraft, all A321neo and of which 4 A321LRs, with longer range flights, duration of up to 7.5 hours.
Aegean will continue to invest in the operation of the maintenance base center, having already launched a new cycle of engineering training scholarships, and already in the second year of the base of the base a significant part of the production capacity is headed to third parties, which belong to the largest airlines.
Review of 2024 – Landmark year
“A landmark year, with the highest historical performance at the level of passenger traffic and turnover, as well as the second best year at the level of net profitability, despite the challenges we faced,” the CEO described in 2024, making a review.
During the year (2024), he said, we attempted with increased volatile work by 6% compared to the previous year, offering a total of 19.8 million seats -in an extensive network that covered 158 destinations in 47 countries. The positive course of demand, both on the foreign and domestic network, even during the peak months, have led to the effective exploitation of the capacity offered.
Aegean transported a total of 16.3 million passengers, 6%more than 2023. The domestic passenger traffic increased by 8%, while overseas the increase amounted to 4%. The company has reinforced its business in basic destinations in Western Europe – such as London, Amsterdam, Frankfurt – as well as to Scandinavia and Istanbul.
The largest growth, Mr Gerogiannis said, was achieved in the months off -peak and especially in the fourth quarter of 2024 where we transferred 7% more passengers than the same period last year, historically high operating profitability, as a result of both incoming and growing traffic. This confirms the strategy of expanding the capacity and the months of off -peak. “
Finally, he referred to the constant effort to upgrade the travel experience, always focusing on the passenger. “During the year, we have greatly enhanced our product, upgrading the travel experience by offering the internet to everyone, constantly renewing the menu in both business and financial positions and lounges and offering even more options through the Miles and Bonus Partnership Network. With the complete modernization and upgrading of the Business Lounges in Athens, Thessaloniki and Larnaca, we have further enhanced the competitiveness and added value of Aegean. At the same time, we have enriched highly successful programs such as Aegean Pass with new destinations, offering our passengers even more flexible choices for their travels. At the same time, we have upgraded our application, offering a new, improved digital environment with emphasis on usability and overall user experience, further enhancing the interaction of passengers with Aegean at all stages of their journey. “
It is recalled that in 2024 the company’s consolidated turnover amounted to EUR 1.78 billion increased by 5%, EBITDA stood at € 405.3 million, increased by 1%, pre -tax profits amounted to € 164.0 million, while profits after tax amounted to 129.9 million euros, due to taxation of € 129.9 million, and € 12 EUR dollar equivalence of valuations in IFRS of the following years’ liabilities.
Cash, equivalent and other financial investments, stood at EUR 769.1 million to 31.12.2024 increased from the previous year despite the payment of EUR 85.4 million to the Greek State for the acquisition of Warrants, thus closing the last pending of the COVID period, € 51 million for € 26 million and € 26 million for € 26 million. Competent assets and advances in Airbus.