Aegean Airlines SA
SWB:32A
Income Statement
Earnings Waterfall
Aegean Airlines SA
Income Statement
Aegean Airlines SA
| Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
31
|
0
|
0
|
0
|
42
|
0
|
0
|
0
|
66
|
0
|
0
|
0
|
75
|
0
|
0
|
|
| Revenue |
401
N/A
|
417
+4%
|
438
+5%
|
464
+6%
|
483
+4%
|
501
+4%
|
536
+7%
|
580
+8%
|
612
+5%
|
624
+2%
|
624
+0%
|
625
+0%
|
623
0%
|
626
+1%
|
615
-2%
|
608
-1%
|
591
-3%
|
582
-2%
|
619
+6%
|
662
+7%
|
668
+1%
|
651
-3%
|
602
-8%
|
571
-5%
|
653
+14%
|
573
-12%
|
613
+7%
|
656
+7%
|
699
+7%
|
734
+5%
|
809
+10%
|
903
+12%
|
912
+1%
|
916
+0%
|
927
+1%
|
968
+4%
|
983
+2%
|
993
+1%
|
983
-1%
|
1 011
+3%
|
1 020
+1%
|
1 024
+0%
|
1 068
+4%
|
1 097
+3%
|
1 128
+3%
|
1 141
+1%
|
1 133
-1%
|
1 171
+3%
|
1 187
+1%
|
1 678
+41%
|
1 907
+14%
|
1 936
+2%
|
1 309
-32%
|
1 968
+50%
|
1 636
-17%
|
1 279
-22%
|
415
-68%
|
615
+48%
|
580
-6%
|
759
+31%
|
675
-11%
|
1 130
+67%
|
1 425
+26%
|
1 662
+17%
|
1 337
-20%
|
2 137
+60%
|
2 367
+11%
|
2 450
+3%
|
1 693
-31%
|
2 616
+54%
|
2 687
+3%
|
2 664
-1%
|
1 777
-33%
|
2 714
+53%
|
2 752
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(200)
|
(311)
|
(330)
|
(351)
|
(255)
|
(395)
|
(428)
|
(460)
|
(337)
|
(491)
|
(490)
|
(499)
|
(329)
|
(535)
|
(535)
|
(533)
|
(338)
|
(506)
|
(550)
|
(593)
|
(421)
|
0
|
0
|
0
|
0
|
(91)
|
0
|
0
|
0
|
(122)
|
0
|
0
|
0
|
(130)
|
0
|
0
|
0
|
(109)
|
0
|
0
|
0
|
(127)
|
0
|
0
|
0
|
(133)
|
0
|
(133)
|
(742)
|
(111)
|
0
|
(339)
|
(680)
|
(340)
|
0
|
(214)
|
(302)
|
(133)
|
(228)
|
(290)
|
(386)
|
(342)
|
(516)
|
(623)
|
(712)
|
(1 115)
|
(1 189)
|
(1 193)
|
(809)
|
(1 234)
|
(1 285)
|
(1 294)
|
(870)
|
(1 319)
|
(1 324)
|
|
| Gross Profit |
201
N/A
|
106
-47%
|
108
+2%
|
113
+4%
|
228
+103%
|
106
-54%
|
108
+2%
|
121
+11%
|
275
+128%
|
133
-52%
|
135
+2%
|
126
-6%
|
294
+133%
|
92
-69%
|
80
-12%
|
74
-7%
|
253
+241%
|
76
-70%
|
69
-9%
|
69
+1%
|
247
+257%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
8
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
12
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
8
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
39
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
25
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
33
N/A
|
0
N/A
|
33
N/A
|
445
+1 265%
|
61
-86%
|
0
N/A
|
346
N/A
|
629
+82%
|
319
-49%
|
0
N/A
|
88
N/A
|
113
+28%
|
66
-41%
|
124
+86%
|
241
+95%
|
289
+20%
|
266
-8%
|
387
+45%
|
517
+34%
|
624
+21%
|
1 023
+64%
|
1 178
+15%
|
1 257
+7%
|
884
-30%
|
1 382
+56%
|
1 402
+1%
|
1 370
-2%
|
907
-34%
|
1 395
+54%
|
1 428
+2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(157)
|
(61)
|
(63)
|
(65)
|
(182)
|
(67)
|
(70)
|
(74)
|
(218)
|
(77)
|
(83)
|
(87)
|
(265)
|
(101)
|
(92)
|
(92)
|
(267)
|
(85)
|
(92)
|
(91)
|
(279)
|
(693)
|
(648)
|
(605)
|
(662)
|
(469)
|
(563)
|
(585)
|
(621)
|
(541)
|
(728)
|
(793)
|
(806)
|
(688)
|
(831)
|
(862)
|
(886)
|
(797)
|
(927)
|
(943)
|
(961)
|
(859)
|
(999)
|
(1 004)
|
(1 027)
|
(900)
|
(1 037)
|
(940)
|
(352)
|
(1 342)
|
(1 708)
|
(1 402)
|
(506)
|
(1 445)
|
(1 565)
|
(1 161)
|
(324)
|
(775)
|
(598)
|
(610)
|
(258)
|
(671)
|
(803)
|
(839)
|
(477)
|
(726)
|
(791)
|
(848)
|
(637)
|
(956)
|
(980)
|
(999)
|
(680)
|
(1 035)
|
(1 072)
|
|
| Selling, General & Administrative |
(93)
|
(57)
|
(60)
|
(62)
|
(101)
|
(68)
|
(70)
|
(73)
|
(124)
|
(78)
|
(82)
|
(86)
|
(137)
|
(93)
|
(94)
|
(93)
|
(138)
|
(92)
|
(91)
|
(91)
|
(134)
|
(84)
|
(79)
|
(76)
|
(71)
|
(67)
|
(66)
|
(68)
|
(74)
|
(82)
|
(90)
|
(97)
|
(100)
|
(103)
|
(105)
|
(108)
|
(109)
|
(131)
|
(114)
|
(119)
|
(120)
|
(123)
|
(120)
|
(120)
|
(125)
|
(123)
|
(131)
|
(134)
|
(318)
|
(169)
|
(221)
|
(259)
|
(342)
|
(262)
|
(237)
|
(194)
|
(123)
|
(128)
|
(127)
|
(140)
|
(123)
|
(163)
|
(212)
|
(242)
|
(236)
|
(359)
|
(396)
|
(416)
|
(304)
|
(459)
|
(477)
|
(486)
|
(328)
|
(501)
|
(516)
|
|
| Depreciation & Amortization |
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(15)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(19)
|
(54)
|
(122)
|
(154)
|
(146)
|
(219)
|
(220)
|
(221)
|
(147)
|
(217)
|
(209)
|
(206)
|
(151)
|
(216)
|
(211)
|
(210)
|
(129)
|
(196)
|
(209)
|
(217)
|
(154)
|
(237)
|
(249)
|
(254)
|
(178)
|
(272)
|
(284)
|
|
| Other Operating Expenses |
(58)
|
1
|
2
|
2
|
(77)
|
6
|
5
|
5
|
(87)
|
10
|
10
|
10
|
(116)
|
4
|
15
|
15
|
(116)
|
23
|
14
|
15
|
(132)
|
(597)
|
(557)
|
(517)
|
(579)
|
(390)
|
(486)
|
(506)
|
(535)
|
(446)
|
(625)
|
(683)
|
(693)
|
(572)
|
(713)
|
(740)
|
(762)
|
(651)
|
(797)
|
(807)
|
(824)
|
(718)
|
(861)
|
(866)
|
(883)
|
(757)
|
(886)
|
(787)
|
(15)
|
(1 118)
|
(1 364)
|
(989)
|
(17)
|
(962)
|
(1 108)
|
(745)
|
(55)
|
(430)
|
(261)
|
(264)
|
16
|
(292)
|
(380)
|
(388)
|
(113)
|
(170)
|
(187)
|
(214)
|
(180)
|
(261)
|
(254)
|
(259)
|
(174)
|
(261)
|
(272)
|
|
| Operating Income |
44
N/A
|
45
+3%
|
45
0%
|
48
+8%
|
47
-4%
|
40
-15%
|
39
-3%
|
47
+21%
|
57
+22%
|
56
-1%
|
52
-8%
|
39
-25%
|
29
-26%
|
(10)
N/A
|
(12)
-17%
|
(17)
-48%
|
(14)
+17%
|
(9)
+37%
|
(23)
-156%
|
(22)
+7%
|
(32)
-49%
|
(42)
-32%
|
(46)
-10%
|
(34)
+27%
|
(9)
+73%
|
14
N/A
|
50
+252%
|
70
+42%
|
78
+10%
|
71
-9%
|
81
+14%
|
110
+36%
|
106
-3%
|
98
-7%
|
96
-3%
|
106
+10%
|
97
-8%
|
87
-11%
|
56
-36%
|
68
+22%
|
59
-13%
|
38
-35%
|
68
+78%
|
93
+36%
|
100
+8%
|
108
+8%
|
96
-12%
|
98
+2%
|
93
-5%
|
225
+142%
|
199
-12%
|
195
-2%
|
123
-37%
|
184
+49%
|
71
-61%
|
(96)
N/A
|
(211)
-120%
|
(293)
-39%
|
(246)
+16%
|
(141)
+43%
|
30
N/A
|
116
+288%
|
106
-9%
|
201
+90%
|
147
-27%
|
297
+102%
|
387
+30%
|
408
+6%
|
247
-40%
|
425
+72%
|
422
-1%
|
371
-12%
|
227
-39%
|
360
+58%
|
356
-1%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6)
|
(5)
|
(3)
|
(3)
|
2
|
3
|
6
|
(8)
|
(10)
|
(4)
|
(1)
|
13
|
13
|
3
|
(7)
|
0
|
(4)
|
5
|
15
|
2
|
0
|
(2)
|
(10)
|
(8)
|
(1)
|
(5)
|
1
|
4
|
(0)
|
(0)
|
(1)
|
(5)
|
(9)
|
(3)
|
(2)
|
0
|
5
|
(2)
|
(3)
|
(7)
|
(5)
|
(4)
|
(10)
|
(11)
|
(13)
|
(13)
|
0
|
4
|
7
|
4
|
(10)
|
(16)
|
(15)
|
(48)
|
(120)
|
(115)
|
(85)
|
(96)
|
(35)
|
(44)
|
(38)
|
(51)
|
(43)
|
(43)
|
(5)
|
(22)
|
(32)
|
(37)
|
(29)
|
(66)
|
(78)
|
(58)
|
(60)
|
(73)
|
(35)
|
|
| Non-Reccuring Items |
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
(1)
|
0
|
(0)
|
0
|
0
|
63
|
0
|
0
|
64
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
(1)
|
0
|
(0)
|
|
| Total Other Income |
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(2)
|
3
|
0
|
1
|
1
|
(2)
|
1
|
2
|
2
|
1
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(4)
|
(4)
|
(1)
|
(18)
|
(15)
|
(15)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
9
|
9
|
|
| Pre-Tax Income |
34
N/A
|
39
+15%
|
42
+6%
|
46
+9%
|
45
-2%
|
43
-4%
|
45
+4%
|
39
-13%
|
40
+3%
|
52
+31%
|
50
-3%
|
52
+4%
|
33
-38%
|
(7)
N/A
|
(19)
-189%
|
(17)
+10%
|
(19)
-9%
|
(4)
+79%
|
(8)
-115%
|
(20)
-135%
|
(31)
-58%
|
(44)
-42%
|
(56)
-26%
|
(39)
+31%
|
(13)
+68%
|
10
N/A
|
51
+399%
|
72
+40%
|
75
+4%
|
73
-3%
|
81
+12%
|
107
+31%
|
95
-11%
|
94
-1%
|
92
-2%
|
104
+14%
|
100
-4%
|
83
-17%
|
50
-40%
|
59
+18%
|
52
-12%
|
31
-39%
|
57
+81%
|
80
+42%
|
86
+7%
|
93
+9%
|
94
+1%
|
100
+6%
|
99
-1%
|
227
+130%
|
185
-18%
|
175
-6%
|
107
-39%
|
118
+11%
|
(66)
N/A
|
(226)
-245%
|
(297)
-31%
|
(391)
-32%
|
(281)
+28%
|
(123)
+56%
|
(9)
+92%
|
64
N/A
|
125
+96%
|
156
+24%
|
141
-9%
|
275
+94%
|
354
+29%
|
371
+5%
|
215
-42%
|
357
+66%
|
340
-5%
|
310
-9%
|
164
-47%
|
295
+80%
|
330
+12%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(10)
|
(10)
|
(11)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(14)
|
(13)
|
(11)
|
(10)
|
(0)
|
(4)
|
(6)
|
(5)
|
(10)
|
(2)
|
2
|
4
|
9
|
10
|
6
|
2
|
3
|
(7)
|
(15)
|
(17)
|
(22)
|
(24)
|
(29)
|
(14)
|
(13)
|
(13)
|
(20)
|
(32)
|
(28)
|
(20)
|
(21)
|
(19)
|
(14)
|
(21)
|
(28)
|
(25)
|
(28)
|
(28)
|
(30)
|
(31)
|
(68)
|
(57)
|
(51)
|
(28)
|
(35)
|
3
|
45
|
69
|
90
|
61
|
38
|
14
|
10
|
(0)
|
(17)
|
(35)
|
(62)
|
(76)
|
(80)
|
(46)
|
(76)
|
(73)
|
(69)
|
(34)
|
(64)
|
(73)
|
|
| Income from Continuing Operations |
25
|
29
|
31
|
37
|
36
|
34
|
35
|
29
|
30
|
39
|
37
|
41
|
23
|
(7)
|
(23)
|
(23)
|
(23)
|
(14)
|
(11)
|
(18)
|
(27)
|
(36)
|
(46)
|
(33)
|
(11)
|
13
|
45
|
57
|
58
|
51
|
57
|
77
|
80
|
81
|
79
|
84
|
68
|
55
|
30
|
38
|
32
|
18
|
36
|
53
|
60
|
66
|
67
|
70
|
68
|
158
|
128
|
124
|
79
|
83
|
(62)
|
(181)
|
(228)
|
(301)
|
(220)
|
(85)
|
5
|
74
|
125
|
138
|
107
|
213
|
278
|
291
|
169
|
281
|
267
|
242
|
130
|
232
|
257
|
|
| Income to Minority Interest |
2
|
3
|
2
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
1
|
0
|
1
|
0
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
26
N/A
|
30
+17%
|
31
+4%
|
36
+15%
|
36
-1%
|
34
-5%
|
35
+3%
|
29
-17%
|
30
+2%
|
39
+31%
|
37
-3%
|
41
+9%
|
23
-43%
|
(7)
N/A
|
(23)
-223%
|
(23)
-1%
|
(23)
-1%
|
(14)
+39%
|
(11)
+25%
|
(18)
-66%
|
(27)
-55%
|
(36)
-32%
|
(46)
-28%
|
(33)
+28%
|
(11)
+68%
|
13
N/A
|
45
+233%
|
57
+29%
|
58
+1%
|
51
-12%
|
57
+13%
|
77
+35%
|
80
+4%
|
81
+0%
|
79
-1%
|
84
+6%
|
68
-18%
|
55
-19%
|
30
-46%
|
38
+26%
|
32
-15%
|
18
-44%
|
36
+101%
|
53
+47%
|
60
+15%
|
65
+8%
|
67
+2%
|
70
+5%
|
68
-2%
|
158
+133%
|
128
-19%
|
124
-4%
|
79
-36%
|
83
+6%
|
(62)
N/A
|
(181)
-190%
|
(228)
-26%
|
(301)
-32%
|
(220)
+27%
|
(85)
+62%
|
5
N/A
|
74
+1 401%
|
125
+70%
|
139
+11%
|
108
-22%
|
214
+99%
|
279
+30%
|
292
+5%
|
170
-42%
|
283
+66%
|
267
-5%
|
242
-9%
|
130
-46%
|
232
+78%
|
257
+11%
|
|
| EPS (Diluted) |
0.47
N/A
|
0.48
+2%
|
0.5
+4%
|
0.57
+14%
|
0.57
N/A
|
0.54
-5%
|
0.49
-9%
|
0.4
-18%
|
0.41
+2%
|
0.53
+29%
|
0.51
-4%
|
0.56
+10%
|
0.32
-43%
|
-0.11
N/A
|
-0.33
-200%
|
-0.33
N/A
|
-0.33
N/A
|
-0.2
+39%
|
-0.15
+25%
|
-0.25
-67%
|
-0.38
-52%
|
-0.5
-32%
|
-0.64
-28%
|
-0.46
+28%
|
-0.15
+67%
|
0.18
N/A
|
0.62
+244%
|
0.8
+29%
|
0.81
+1%
|
0.71
-12%
|
0.8
+13%
|
1.08
+35%
|
1.13
+5%
|
1.13
N/A
|
1.11
-2%
|
1.17
+5%
|
0.96
-18%
|
0.77
-20%
|
0.42
-45%
|
0.53
+26%
|
0.41
-23%
|
0.25
-39%
|
0.5
+100%
|
0.73
+46%
|
0.77
+5%
|
0.91
+18%
|
0.93
+2%
|
0.98
+5%
|
0.86
-12%
|
2.22
+158%
|
1.79
-19%
|
1.73
-3%
|
1
-42%
|
1.05
+5%
|
-0.79
N/A
|
-2.3
-191%
|
-2.9
-26%
|
-3.82
-32%
|
-2.73
+29%
|
-1.16
+58%
|
0.06
N/A
|
0.81
+1 250%
|
1.39
+72%
|
1.54
+11%
|
1.2
-22%
|
2.38
+98%
|
3.1
+30%
|
3.24
+5%
|
1.89
-42%
|
3.13
+66%
|
2.96
-5%
|
2.69
-9%
|
1.45
-46%
|
2.58
+78%
|
2.86
+11%
|
|