Aegean Airlines (AEGN) Q3 2025 TU earnings summary

Executive summary

• Achieved record highs in passenger traffic and revenue for the nine months ending September 30, 2025, with 13.2 million passengers and €1.43 billion in revenue, up 4% year-over-year.

• EBITDA rose 8% to €356.6 million, and net profit increased 12% to €148.0 million for the nine-month period.

• Third quarter saw 5.6 million passengers (+6% YoY), €647.1 million revenue (+3% YoY), and EBITDA of €200.4 million (+10% YoY).

• Net profit for Q3 declined 7% to €100.4 million, mainly due to FX effects on future aircraft lease liabilities.

Financial highlights

• Revenue for the nine months: €1,434.1 million (+4% YoY); Q3 revenue: €647.1 million (+3% YoY).

• EBITDA for nine months: €356.6 million (+8% YoY); Q3 EBITDA: €200.4 million (+10% YoY).

• Net profit for nine months: €148.0 million (+12% YoY); Q3 net profit: €100.4 million (-7% YoY).

• Cash, cash equivalents, and financial assets at €1,041.6 million as of September 30, 2025.

Outlook and guidance

• Plans to offer 4.9 million seats in Q4 2025, up 9%, with increased frequency and new routes, especially to the Middle East.

• CEO expects robust demand for air travel to continue, supported by strong domestic and international passenger growth.