Aegean Airlines S.A. Q2 2025 Earnings Recap

Aegean Airlines reported a 5% revenue increase in the first half of 2025, despite operational challenges related to geopolitical tensions and aircraft capacity restrictions.

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.