Aegean Airlines confirmed its leading position in the Greek aviation market with exceptional financial results for the first half of 2025. Despite significant geopolitical challenges that affected flights to the Middle East, the company managed to more than double its net profits, reaching €47.9 million with a 109% increase compared to 2024.
Financial results exceeding expectations for Aegean
Aegean Airlines’ consolidated turnover reached €787 million, marking a 5% increase compared to the corresponding period of the previous year. Passenger traffic also showed positive momentum with 7.6 million passengers, a 4% increase despite restrictions on flights to Israel, Lebanon, and Jordan. The company’s EBITDA strengthened by 6%, reaching €156.2 million, while pre-tax profits reached €66 million compared to €31.6 million in 2024. Particularly impressive was the second quarter performance, where Aegean recorded net profits of €54.5 million.
Fleet enhancement and strategic investments
Aegean continues its investment program with the addition of six new aircraft in 2025. Three Airbus A320/321neo have already been delivered, while two additional A321neo and one ATR 72-600 are expected in the final quarter of the year. The company’s cash reserves strengthened to €841.9 million, despite paying €72.1 million in dividends to shareholders. This strong cash position provides Aegean with the ability to implement its ambitious expansion plans.
Challenges and opportunities in the international market
Geopolitical developments in the Middle East significantly affected Aegean’s operations, with the company losing over 130,000 passengers due to flight suspensions to specific destinations. Additionally, the crisis with Pratt & Whitney GTF engines led to the grounding of approximately 10 aircraft. Despite the difficulties, Aegean managed to maintain its competitiveness thanks to improved network management and the gradual integration of more A321neo aircraft into its fleet.
Expansion to India and new horizons
One of Aegean’s most ambitious plans is expansion into the Indian market from early 2026. The gradual arrival of six A321 XLR/LR will allow the company to serve new, distant destinations, opening new development opportunities. As CEO Dimitris Gerogiannis stated: “Our steps are careful and consistent, ensuring the organization’s dynamism while maintaining stability for shareholders, employees, and passengers.”
Thessaloniki and regional development
Aegean is focusing on strengthening its presence in Thessaloniki, which is one of the company’s four main bases. The later recovery of Macedonia Airport creates new development opportunities, with the company planning capacity increases and expansion of European connections. For the fourth quarter, Aegean is planning a 9% increase in available seats, focusing on new routes and maintaining winter flights to destinations like Luxor and Sharm El Sheikh.
Strategic alliances and future prospects
Aegean’s investment in Volotea is already yielding positive results. With an 18% stake in the Spanish carrier, the company is considering further capital strengthening of their cooperation in the coming months. For 2026, Aegean is preparing for moderate growth with single-digit capacity increases, emphasizing qualitative product enhancement and penetration into premium categories like business class. The completion of GTF engine checks over the next 24-28 months is expected to further strengthen the company’s development capabilities.
