Aegean Airlines Expands Capacity Following Record Revenue
(Reuters) -Greece's largest carrier Aegean Airlines said on Monday 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 euros ($1.94 billion) from 1.69 billion euros 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 travellers.
Greece collected 21.7 billion euros 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 euros per share for 2024.
($1 = 0.9154 euros)
(Reporting by Antonis Pothitos; Editing by Tomasz Janowski)
