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AEGEAN Reports First Quarter 2025 Net Loss of €6.6 Million

AEGEAN has reported a first quarter 2025 net loss of €6.6 million on a 14 percent year-over-year increase in revenue to €306 million.  At March 31, 2025, the carrier had cash, cash equivalents and other financial investments totaling €796.1 million.


AEGEAN Airbus A320neo - Courtesy AEGEAN
AEGEAN Airbus A320neo - Courtesy AEGEAN

On Wednesday (May 28, 2025), AEGEAN reported their first quarter financial results for the period ending March 31, 2025.  The carrier reports a first quarter net loss of €6.6 million compared to a loss of €21 million during the same period last year,  AEGEAN’s first quarter revenue increased 14 percent year-over year to €306 million.  The company ended the first quarter with €796.1 million in cash, cash equivalents and other investments.


In Wednesday’s announcement, AEGEAN’s CEO, Mr. Dimitris Gerogiannis, said,


“The first quarter 2025 results validate AEGEAN’s strategy and growth momentum.  We strengthened our passenger traffic, especially in international routes and boosted our network by adding more frequencies in winter for the second consecutive year to selected destinations. Operating results improved with AEGEAN recording the highest EBITDA performance in its history, with seasonal losses substantially narrowing during the seasonally weakest quarter of the year.


“The continued recovery in local demand, along with the gradual extension of the tourist season—particularly in Athens and Thessaloniki—enable us to operate with improved intensity over a gradually expanding period.  Investing in the winter is costly and requires time to mature but remains essential for AEGEAN and the broader Greek economy.


“We remain committed to our fleet investment, with 6 aircraft deliveries scheduled within 2025 in total, including 3 Airbus A321neo, 2 Airbus A320neo and one (1) brand-new ATR 72-600. At the same time, we are expanding our network with new routes, further enhancing connectivity and strengthening our presence in strategic destinations.”


AEGEAN's First Quarter 2025 Financial Results - Courtesy AEGEAN
AEGEAN's First Quarter 2025 Financial Results - Courtesy AEGEAN

AEGEAN and Olympic Air operate a fleet of 82 aircraft including new Airbus A320neo Family jets, and offers service to 161 destinations, including 31 domestic and 130 international destinations.  The carrier operates 10 bases in Greece and abroad and is a member of Star Alliance.  Currently, AEGEAN employs over 3,700 team members. 


 

Source: AEGEAN

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