All Aegean Airlines articles
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NewsAegean Airlines eyes full-year profits high after strong second quarter
Greek carrier Aegean Airlines expects to post record full-year profits for 2023 after disclosing pre-tax earnings for the second quarter of €67.3 million ($72.2 million).
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NewsAegean cuts pre-tax losses in first quarter on strong growth
Greek carrier Aegean Airlines cut its losses to below pre-pandemic levels for the first three months of 2023, with revenue nearly double last year's figure.
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NewsAegean and CAE to launch Greece’s ‘most advanced’ pilot training centre
Greece’s Aegean Airlines plans to establish the country’s first advanced flight training centre through a partnership with Canada’s CAE, a top provider of flight simulators for pilot training.
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NewsAegean reinforces spare-aircraft capacity to protect against supply issues
Greek carrier Aegean is to double its spare aircraft capacity this year in order to protect its network against supply-chain issues. Speaking during a full-year briefing, chairman Eftichios Vassilakis disclosed the plan to retain “a very large number of aircraft” as back-up as it aimed to conduct “significantly higher” activity ...
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NewsResurgent Aegean turns in full-year profit
Greek operator Aegean is expecting to introduce another nine Airbus A320neo-family jets this year, and take its fleet to 76 aircraft. Aegean says the initial booking indications for the year are “particularly encouraging”, with international traffic and summer sales trends exceeding pre-crisis levels. Its network will cover 161 destinations with ...
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NewsAegean Q3 profit and revenue top 2019 levels
Greek carrier Aegean Airlines posted revenue and profits above pre-crisis levels during a strong third quarter in which capacity was almost fully restored.
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NewsAegean full-year profit hopes boosted by strong second quarter
Greek carrier Aegean Airlines returned to profit in the second quarter after trebling revenues following a strong jump back in demand.
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NewsClimbing revenues help Aegean to narrow first-quarter loss
A sharp jump in revenues enabled Greek carrier Aegean Airlines to narrow losses against 2021 in its low-season first quarter.
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NewsStrong summer recovery drives reduction in Aegean 2021 losses
An increase of almost two-thirds in revenues last year over the pandemic-hit 2020 helped Greek carrier Aegean Airlines to cut pre-tax losses to €72.5 million ($79.8 million).
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NewsAegean Airlines takes majority stake in fledgling Romanian operator Animawings
Aegean Airlines has taken a bigger step into the Romanian market by becoming the majority shareholder in leisure operator Animawings, the Greek carrier said on 14 October.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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NewsAegean to restore 80% of capacity as losses narrow
Aegean Airlines’ losses almost halved year on year in the first quarter of 2021, and the Greek carrier aims to restore 75-80% of its capacity in the third quarter.
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NewsAegean awarded state funds following successful capital increase
Aegean Airlines has received a €120 million ($142 million) grant from the Greek government, after completing a required €60 million share capital increase.
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NewsGreece’s Aegean looks to second half for recovery
Greek carrier Aegean Airlines is expecting a gradual, but significant, recovery in the second half of this year, if progress with coronavirus vaccination roll-out and European digital passport initiatives progress. But the company says the first months of this year have been “heavily impacted” by restrictions, as it unveils ...
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In depthHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsGreece cleared for €120m state contribution to Aegean
European regulators have approved Greek plans to contribute €120 million ($146 million) as part of recapitalisation plans for Aegean Airlines. Greece notified the European Commission of plans for an aid measure to compensate Aegean for damage suffered from travel restrictions imposed between 23 March 2020 to 30 June 2020. ...
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.
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NewsAegean Airlines first-half revenue falls by two-thirds
Greek carrier Aegean Airlines saw its earnings collapse by 64% in the first half and is warning that the “least predictable winter ever” lies ahead.
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NewsAegean Airlines to operate at half of 2019 capacity in August
Greece’s Aegean Airlines is operating around 40% of last year’s summer capacity in July, rising to half in August, as it looks to rebuild its schedules after the coronavirus grounding.