AEGEAN has set new benchmarks, offering 15.3 million seats and serving 12.6 million passengers over the first nine months of 2024. The airline achieved €1.38 million in consolidated revenue, reflecting a 4% increase compared to last year. With international travelers making up 7.4 million of its passengers, AEGEAN continues to assert its dominance in the aviation industry.
Despite facing significant challenges, AEGEAN’s performance remained robust. The grounding of 10 aircraft due to Pratt & Whitney engine inspections limited capacity expansion by 17%, impacting cost efficiencies. Additionally, the crisis in the Middle East forced flight suspensions to Tel Aviv and Beirut, reducing international traffic by approximately 4% during the third quarter. Nevertheless, the airline maintained its agility and sustained growth.
In the third quarter, AEGEAN offered 6.3 million seats, a 2% rise from the prior year. It served 5.3 million passengers, with domestic traffic increasing by 6%. However, international traffic dipped by 3%, reflecting the halted operations in specific regions. The airline recorded a consolidated revenue of €630.8 million during this quarter, alongside a load factor of 83.9%.
AEGEAN continues to strengthen its operations by investing in infrastructure, including a new MRO and Training Centre at Athens International Airport. This expansion supports its focus on competitiveness and enhancing service quality. The airline also initiated partnerships and launched new routes, such as Athens-Abu Dhabi and Thessaloniki-Amsterdam.
Looking ahead, AEGEAN plans to offer 4.5 million seats in the final quarter, a 7% increase from last year. This move aims to capitalize on the extended tourism season and meet growing demand. With these strategic efforts, AEGEAN reinforces its position as a leading carrier in Europe, driving growth and innovation in the aviation sector.
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