The consolidated turnover of Aegean for the nine-month period of 2023 reached €1.33 billion, marking a 31% increase compared to the same period in 2022.
The group provided 15.7 million seat-kilometers and transported 12.2 million passengers, a total of 30% more than the previous year, including 7.3 million passengers to/from international destinations.
The seat occupancy rate reached 84%, an increase of 5 percentage points compared to the same period in 2022. Factors such as fleet enrichment with new technology aircraft, timely fuel hedging for part of the needs, and maintaining profitability despite intensified competition, inflationary pressures, and rising interest rates contributed to offsetting the impacts.
Dimitris Gerogiannis, CEO of the company, stated: "Aegean achieved high profitability, presenting one of the best results in the industry for the nine months of 2023. The expansion of our network, the increase in offered capacity by almost 3 million additional available seats for the entire 2023 compared to 2022, combined with strong demand for Greece, contributed to the robust dynamics of our growth. Additionally, the enhancement of Greeks' willingness and ability for recreational travel, in combination with the high dynamics of tourist demand, further strengthened the main hubs of Athens and Thessaloniki. Aegean played a crucial role in their development, particularly by expanding to new destinations."