{"id":5506,"date":"2025-03-25T23:54:56","date_gmt":"2025-03-25T23:54:56","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/25\/aegean-airlines-achieves-record-revenue-and-passenger-growth-in-2024\/"},"modified":"2025-03-25T23:54:56","modified_gmt":"2025-03-25T23:54:56","slug":"aegean-airlines-achieves-record-revenue-and-passenger-growth-in-2024","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/25\/aegean-airlines-achieves-record-revenue-and-passenger-growth-in-2024\/","title":{"rendered":"AEGEAN Airlines Achieves Record Revenue And Passenger Growth In 2024"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-first=\"A\" itemprop=\"articleBody\">\n<p>Athens, Greece, March 24, 2025 \u2014 AEGEAN Airlines, Greece\u2019s leading carrier, reported unprecedented turnover and passenger traffic for 2024, overcoming operational hurdles and regional instability to solidify its position in the aviation market.<\/p>\n<p>The airline posted a consolidated revenue of \u20ac1.78 billion, a 5% rise from 2023, while transporting 16.3 million passengers\u2014a 6% increase\u2014fueled by robust travel demand. AEGEAN expanded its capacity to 19.8 million seats, up 1.2 million from the prior year, extending its network beyond traditional peak seasons. The load factor remained strong at 82.5%.<\/p>\n<p>Financially, earnings before interest, taxes, depreciation, and amortization (EBITDA) edged up to \u20ac405.3 million, though operating profit (EBIT) dipped 8% to \u20ac227.1 million. Net profit fell 23% to \u20ac129.9 million, with pre-tax profit at \u20ac164 million, reflecting challenges like unfavorable euro-dollar exchange rates tied to aircraft lease valuations.<\/p>\n<p>The fourth quarter stood out, with a 7% surge in passengers driving a 10% revenue boost and an EBIT of \u20ac27.6 million\u2014a quarterly record. Still, 2024\u2019s gains were tempered by setbacks: mandatory Pratt &amp; Whitney engine inspections grounded eight to ten planes, disrupting summer schedules, and geopolitical tensions led to suspended flights to Tel Aviv, Beirut, and Amman from late July to December. Partial compensation for the engine issues fell short of covering losses.<\/p>\n<p>Despite these challenges, 2024 was AEGEAN\u2019s best year for passenger numbers and revenue, and its second-strongest for profitability. Looking to 2025, the airline plans to offer 21.5 million seats\u201413 million international and 8.5 million domestic\u2014while adding eight new A321neo aircraft and expanding its Maintenance Center to serve third-party carriers.<\/p>\n<p>AEGEAN\u2019s leadership emphasized that these moves will enhance competitiveness, benefiting passengers, staff, and Greece\u2019s economy as the airline builds on its record-breaking year.<\/p>\n<p>Visit Site<\/p>\n<p class=\"has-medium-font-size\">Read about W Costa Navarino: Sun, Style, and Soul in Messinia<\/p>\n<footer class=\"article-tags entry-footer\">\n<div>\n\t\t<strong>Tags:<\/strong><br \/>\n\t\t2024, A321neo, AEGEAN, airlines, Center, challenges, Expansion, Geopolitical, Greece, maintenance, passenger, profit, record, revenue, Traffic, turnover\t<\/div>\n<\/footer><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/greekcitytimes.com\/2025\/03\/26\/aegean-airlines-achieves-record-revenue-and-passenger-growth-in-2024\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Athens, Greece, March 24, 2025 \u2014 AEGEAN Airlines, Greece\u2019s leading carrier, reported unprecedented turnover and passenger traffic for 2024, overcoming operational hurdles and regional instability to solidify its position in the aviation market. The airline posted a consolidated revenue of \u20ac1.78 billion, a 5% rise from 2023, while transporting 16.3 million passengers\u2014a 6% increase\u2014fueled by &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"AEGEAN Airlines Achieves Record Revenue And Passenger Growth In 2024\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/25\/aegean-airlines-achieves-record-revenue-and-passenger-growth-in-2024\/#more-5506\" aria-label=\"Read more about AEGEAN Airlines Achieves Record Revenue And Passenger Growth In 2024\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2023\/11\/3-18.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=5506"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/5507"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=5506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=5506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=5506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}