AE
Aegean Airlines S.A.
AEGN.AT
Reported:
Key takeaways
- Achieved a 5% revenue growth, exceeding the 4% increase in available seat kilometers (ASK).
- EBITDA showed a modest increase while maintaining strong cash flows despite €110 million in payouts and expenses.
- Passenger capacity impacted by geopolitical issues, resulting in a loss of approximately 135,000 passengers over two months.
- Continued investment in fleet efficiency with a focus on increasing the utilization of the Airbus A321neo aircraft.
- Adjustments in network strategy yielded resilience against competitive pressure and improved profitability metrics.