AEGEAN announces 147.8 mln euro net profit, up 14%

Aegean recorded an increase in passengers, revenue and profitability in 2025, according to the financial and operating results announced by the company.

Specifically, the consolidated turnover in 2025 amounted to 1.86 billion euros, recording an increase of 5% compared to 2024 due to the expansion of the network and the gradual strengthening of demand during the winter season.

17.3 million passengers

In total, Aegean carried 17.3 million passengers, almost 1 million more than in 2024. The group offered 21 million available seats, increased by 6%, strengthening its activity both domestically and in the international network. Capacity growth during the off-peak months contributed to gradual smoothing of the high seasonality. Load factor stood at 82,5%.

The group’s EBITDA amounted to 421.5 million euros, pre-tax profits amounted to 192.1 million euros, recording an increase of 17%, while profits after taxes amounted to 147.8 million, recording an increase of 14%.

The improvement was achieved despite significant additional costs stemming from the European regulatory framework related to emissions and the use of Sustainable Aviation Fuel (SAF), which burdened the Group’s results by 43.3 million euros in 2025. At the same time, the company benefited from lower fuel prices, as well as from the significant strengthening of the euro against the US dollar.

Fourth quarter performance

In the fourth quarter, AEGEAN continued its strategy of winter capacity growth, by increasing available seats by 10%, while welcoming 9% more passengers, confirming the gradual strengthening of demand in the seasonally weaker months. Consolidated revenue grew by 7% higher compared with 2024.

Cash, cash equivalents and other financial investments stood at 955.1 million euros as of 31.12.2025.

Proposed dividend of 0.90 euros per share

The Board of Directors will propose to the upcoming Ordinary General Meeting the distribution of a dividend of 0.90 euros per share.

Outlook for 2026 and the impact of the war in the Middle East

CEO Dimitris Gerogiannis noted that “ 2025 was another year of strong performance for AEGEAN, with growth recorded in passengers, revenue, and profitability. Network expansion, new aircraft deliveries and capacity growth during the off-peak months contributed positively to the Group’s results, which remain significantly robust for yet another year. The proposed dividend, subject to approval by the Annual General Assembly, is also reflecting the improved profitability. Looking ahead to 2026, despite the positive momentum in the first two months of the year, the overall environment remains highly volatile following the recent developments in the Middle East. The suspension of the flight operations in the region (representing approximately 4–5% of the Company’s total scheduled activity), along with the immediate and pronounced increase on fuel prices, are expected to have a notable impact, at least in the first quarter of the year. The duration of this new conflict in the Middle East remains uncertain; AEGEAN, having substantial experience in managing similar crises, as well as strong cash reserves and significant levels of fuel hedging contracts in place, will once again demonstrate the resilience and adaptability required to sustain its competitiveness and long-term growth prospects.”