Aegean Airlines expected to soar to greater heights in 2024

https://en.about.aegeanair.com/media-center/press-releases/2024/aegean-adds-a-new-4th-daily-flight-to-from-london-heathrow/#:~:text=from%20London%2C%20Heathrow-,AEGEAN%20adds%20a%20new%2C%204th%20daily%20flight%20to/from%20London%2C%20Heathrow,-Wednesday%2C%2006%2D03

The Chairman of Aegean Airlines Mr Eftichios Vassilakis said that the company had an exceptional 2023, during a recent conference, and maintains high expectations for 2024.

Vassilakis said Aegean Airlines witnessed substantial growth in passenger traffic, revenue, and expansion efforts, alongside notable investments, profitability, and liquidity.

“Aegean has had a truly excellent year, in terms of all aspects of growth, passenger count, revenues, in terms of expanding new destinations, in terms of developing its investment in the MRO and training facilities and in terms of profitability and cash flows, to such a degree that not only have the investments been financed in an efficient way, [but that] we have proceeded with the repayment of the [loan] warrants of the Greek state,” Vassilakis said.

These insights were shared during a teleconference with analysts to discuss the 2023 performance.

Extending aircraft leases on its existing fleet is one of a string of measures Aegean is taking to ensure it can continue to increase capacity on scheduled routes in 2024. That also includes cutting seat capacity in its charter business and bringing back a pair of Airbus narrowbodies that had been flying with Romanian charter carrier Animawings – in which Aegean disposed of its stake late last year.

(Source: AMNA)

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