Aegean Airlines SA
SWB:32A
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
Aegean Airlines SA
Aegean Airlines SA engages in the provision of air transport services for passengers and commodities. The company is headquartered in Athina, Attiki and currently employs 2,445 full-time employees. The company went IPO on 2007-07-11. The firm provides transport of passengers and goods inside and outside the Greek territory, conducting scheduled and unscheduled flights. Furthermore it renders aviation services, technical support and ground handling aircraft services. The Company’s and the Group’s objectives include among others the following activities/operations: participation in any type of local or foreign company of similar nature of operations; establishment of subsidiaries and agencies, as well as import, trade, leasing of aircraft and spare parts. The Company’s subsidiaries are Olympic Air AE and Aegean Cyprus LTD.
Aegean Airlines SA engages in the provision of air transport services for passengers and commodities. The company is headquartered in Athina, Attiki and currently employs 2,445 full-time employees. The company went IPO on 2007-07-11. The firm provides transport of passengers and goods inside and outside the Greek territory, conducting scheduled and unscheduled flights. Furthermore it renders aviation services, technical support and ground handling aircraft services. The Company’s and the Group’s objectives include among others the following activities/operations: participation in any type of local or foreign company of similar nature of operations; establishment of subsidiaries and agencies, as well as import, trade, leasing of aircraft and spare parts. The Company’s subsidiaries are Olympic Air AE and Aegean Cyprus LTD.
Revenue Growth: Aegean Airlines delivered a 5% increase in revenue for the first half of 2025, despite operational restrictions and lost routes in the Middle East.
ASK & RASK: Available seat kilometers (ASK) grew 4% and revenue per available seat kilometer (RASK) was up 1%, indicating some pricing resilience amid competition.
Geopolitical Impact: Suspension of flights to Israel, Lebanon, and Jordan for over two months led to a loss of about 100,000 direct passengers and 35,000 connecting passengers.
Cash Position: Despite paying about EUR 110 million in dividends and pre-delivery payments, cash increased by EUR 70 million to EUR 840 million before a EUR 250 million bond issue in July.
Fleet Constraints: GTF engine issues continue to ground up to 14 aircraft over the next 12–14 months, peaking now before improving from late 2026.
Cost Pressures: Significant increases in handling, catering, and employee costs due to labor contracts, product improvements, and underutilization of fleet.
Positive Outlook: Management expects ASK growth of about 3% in Q3 and 9–10% in Q4, with a cautiously optimistic outlook for full-year profitability.
Longer-Range Expansion: Plans underway to deploy new XLR and LR aircraft on longer routes, with a focus on India and further Middle East expansion.
