March 12 (Reuters) - Greece's largest carrier, Aegean Airlines, posted a 14% year-on-year jump in full-year profit on Thursday to 147.8 million euros ($170.7 million), as it expanded capacity and
Aegean Airlines Reports 14% Profit Increase for 2025 Amid Passenger Growth
Financial Performance and Operational Highlights
March 12 (Reuters) - Greece's largest carrier, Aegean Airlines, posted a 14% year-on-year jump in full-year profit on Thursday to 147.8 million euros ($170.7 million), as it expanded capacity and carried nearly one million more passengers, despite higher regulatory costs.
Revenue and Passenger Growth
- Revenue for 2025: reached 1.86 billion euros, up 5% from 2024, driven by network expansion and stronger winter demand.
- Passenger Numbers: The carrier said it carried 17.3 million passengers, nearly 1 million more than 2024, with available capacity up 6% year-on-year.
Cost Factors and Regulatory Impact
- European regulatory emissions and the cost of sustainable aviation fuel burdened results by 43.3 million euros, but were partly offset by lower fuel prices and a stronger euro.
Dividend Proposal
- Aegean's board will propose a dividend of 0.90 euros per share
CEO Outlook and Market Challenges
- Chief Executive Dimitris Gerogiannis said early 2026 demand is positive, but warned that flight suspensions due to the Middle East conflict (4-5% of activity) and higher fuel prices are likely to weigh on Q1.
($1 = 0.8657 euros)
(Reporting by Antonis Pothitos; Editing by Kevin Liffey)
