Aegean Airlines to add more seats after record 2024 revenue, passenger traffic

Aegean Airlines announced consolidated sales of 1.38 billion euros for the first nine months of 2024, a 4% rise from the previous year, its best result ever. Passenger traffic was a record 12.6 million, with 7.4 million of those on in international flights, despite the cancellation of services to Tel Aviv and Beirut in the third quarter.

Aegean Airlines, the country’s largest carrier, has said it would offer more seats this year after its 2024 turnover rose to a record high, driven by a 6% increase in total passenger traffic.

The airline’s consolidated revenue rose 5% to €1.78 billion from €1.69 billion in 2023.

“The successful execution of our strategy to increase capacity during off-peak months and the desirability of our services for both Greeks and visitors to the country contributed to this excellent performance,” Chief Executive Dimitris Gerogiannis said in a statement.

Aegean’s total passenger numbers hit a record 16.3 million in 2024, with 6.7 million domestic and 9.6 million international travelers.

Greece collected €21.7 billion in tourism revenue last year, surpassing 2023’s record of €20.6 billion euros, according to the Bank of Greece.

Aegean plans to offer around 21.5 million seats this year, an increase of 1.8 million from 2024, including 13 million seats for the international network and 8.5 million for the domestic network.

The carrier also said it would propose a dividend of €0.80 per share for 2024. [Reuters]

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