AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path.
Consolidated Revenue in 2025 reached €1,86 bil., up 5% compared with 2024, driven by network expansion as well as strengthening demand during the winter season.
AEGEAN welcomed 17,3 mil. passengers, nearly 1 mil. more than in 2024. The Group offered 21 mil. available seats, representing a 6% increase, expanding its capacity across its domestic and international network. Capacity growth during the off-peak months contributed to gradually smoothing of the high seasonality. Load factor stood at 82,5%.
For the full year EBITDA reached €421,5 mil. while Pre-tax profits reached €192,1 mil. 17% higher yoy, while Net Profit was €147,8 mil., 14% higher compared with 2024.
The improvement was achieved despite significant additional costs stemming from the European regulatory framework related to emissions and the use of Sustainable Aviation Fuel (SAF), which burdened the Group’s results by €43,3 mil. in 2025. At the same time, the company benefited from lower fuel prices, as well as from the significant strengthening of the euro against the US dollar.
In the fourth quarter, AEGEAN continued its strategy of winter capacity growth, by increasing available seats by 10%, while welcomed 9% more passengers, confirming the gradual strengthening of demand in the seasonally weaker months. Consolidated revenue grew by 7% higher compared with 2024.
As of December 31, 2025, the company’s cash, cash equivalents, and other financial investments stood at €955,1 mil.[1].
The Board will propose to the upcoming AGM a dividend of €0,90 euro per share.
Dimitris Gerogiannis, AEGEAN’s CEO, commented, “2025 was another year of strong performance for AEGEAN, with growth recorded in passengers, revenue, and profitability. Network expansion, new aircraft deliveries and capacity growth during the off-peak months contributed positively in Group’s results, which remain significantly robust for yet another year. The proposed dividend, subject to approval by the Annual General Assembly, is also reflecting the improved profitability.
Looking ahead to 2026, despite the positive momentum in the first two months of the year, the overall environment remains high volatile following the recent developments in the Middle East. The suspension of the flight operations in the region (representing approximately 4–5% of the Company’s total scheduled activity), along with the immediate and pronounced increase on fuel prices, are expected to have a notable impact, at least in the first quarter of the year.
The duration of this new conflict in the Middle East remains uncertain; AEGEAN, having substantial experience in managing similar crises, as well as strong cash reserves and significant levels of fuel hedging contracts in place, will once again demonstrate the resilience and adaptability required to sustain its competitiveness and long-term growth prospects”.
It should be noted that today, Thursday, 12 March, 2026, the Company has fully repaid its Common Bond Loan issued on 12 March, 2019, paying bondholders the total nominal value of the bonds plus accrued interest, amounting to €200.3 mil.
AEGEAN’s management will host a conference call to present and discuss Full Year 2025 Financial Results on Thursday, March 12, 2026 at 16:00 Athens time/ 14:00 UK time.
Details are available at: http://en.about.aegeanair.com/investor-relations/announcements/announcements/
[1] Includes financial assets of €300,2 mil. and restricted cash of €3,5 mil.
