AEGEAN announced that its consolidated revenue reached 1.43 billion euros in the nine-month period of 2025, 4% higher compared to the same period in 2024.
The Group offered 16.0 million seats and welcomed 13.2 million passengers, an increase of 5%, of which 7,7 million passengers to/ from international destinations and 5,5 million in the domestic network.
EBITDA reached 356,6 million, increased by 8% while Profit Before Tax reached 194,7 million euros increased 14% versus the nine-month period of 2024.
Net Profit rose 12% at 148.0 million euros in the same period.
This performance was achieved despite the cost of new regulatory effects from 1/1/2025, which further reduced free historical CO₂ emissions rights, thus increasing the obligation to purchase allowances, as well as due to the use of Sustainable Aviation Fuel (SAF), with a total impact of 32.0 million euros for the nine-month period of 2025. At the same time, the company benefited from lower fuel prices, which served to offset the above impact.
In the third quarter, AEGEAN offered 6.6 million available seats, 5% more than in the third quarter of 2024, and welcomed 5.6 million passengers, 6% more compared to the same quarter of 2024. Passenger traffic on the domestic network rose by 7%, while international traffic increased by 5%. Load factor stood at 84,3%, slightly improved despite the operation of a higher number of larger-capacity A321neo aircraft, which are being gradually delivered.
Consolidated revenue for the third quarter amounted to 647.1 million euros, EBITDA reached 200.4 million euros, up 10% and operating profitability (EBIT) stood at 147.7 million, up 8% compared to the respective quarter of 2024.
Profit Before Tax for the quarter stood at 128.7 million, while Net Profit reached 100.4 million, both recording a 7% decrease mainly due to the effect of the partial recovery of the US dollar which affected the valuation of the future aircraft lease liabilities.
Dimitris Gerogiannis, AEGEAN’s CEO, commented:
“2025 is shaping up to be another year of solid growth which further validates our positive momentum. Demand for air travel remains robust, supported by strong Greek passengers’ demand as well additional visitors to our country, while passenger goodwill continues to be strengthened through our investments in our product and services.
Once again, our results and our operating and profitability ratios place us among those in the top-tier in the airline sector. Additionally, the success of our recent bond issue, which was well received by the market, further supports our growth potential.
The operational challenges during the summer period, with delays mainly due to air traffic control both in Greece and across Europe, continue to persist. In parallel, it is now a full two years since AEGEAN’s cost structure started to be affected by the mandatory early inspections on the GTF engines of our A320neos. Currently we are at the peak of this cycle, with 12 aircraft temporarily out of operation. As per recent Pratt and Whitney feedback, we estimate that this cycle will continue for approximately 30 more months with a gradual reduction in the number of idle aircraft as of autumn 2026.
Within the context of these significant restrictive effects, the company’s robust results have greater value and are a credit to our people.
For the fourth quarter of 2025, AEGEAN plans to offer 4,9 mil. available seats increased by 9%, enhancing frequency and capacity on both domestic and international routes, while also adding new destinations mainly to the Middle East.”
During 2025, AEGEAN further strengthened its fleet with six (6) new aircraft deliveries, five (5) Airbus A320/321neo and one (1) ATR 72-600. Two of these aircraft, one A321neo and one ATR 72-600, were fully financed through the company’s available cash reserves.
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