**Aegean Airlines to Release Half-Year Financial Results on September 14**
Aegean Airlines has announced that it will publish its financial results for the first half of 2026 on September 14. This announcement comes after a first quarter that saw an increase in both revenue and passenger traffic, albeit accompanied by a significantly wider loss for the Greek carrier.
The financial results will be released after the conclusion of the Euronext Athens trading session, with detailed financial statements made available on the airline's official website. Following the release, Aegean Airlines will hold an analysts' conference call on September 15 at 3 PM Athens time (1 PM GMT) to discuss the results and provide further insights into the company's performance.
In the first quarter of 2026, Aegean Airlines reported a consolidated turnover of €320.7 million, marking a 5% increase from €306 million in the same period of 2025. Passenger traffic also rose by 4%, reaching 3.23 million, which aligns with the increase in the number of seats offered. The airline’s load factor, a key indicator of efficiency, improved slightly to 80.8% from 80.3%.
Despite these positive indicators, Aegean Airlines experienced a substantial loss after tax, which widened to €21.7 million compared to €6.6 million in the previous year. The airline attributed this deterioration largely to negative foreign exchange valuations amounting to €8.1 million, contrasting with foreign exchange gains of €8.3 million in the first quarter of 2025. Additionally, the airline faced challenges due to the suspension of flights to Middle Eastern markets and a significant rise in fuel costs.
Dimitrios Gerogiannis, the chief executive of Aegean Airlines, highlighted the impact of geopolitical tensions in the Middle East, particularly the closure of the Strait of Hormuz, which has led to increased fuel prices and created a challenging environment for the aviation industry throughout 2026. He emphasized that Aegean Airlines is maintaining flexibility in its operational planning to mitigate the impact on financial results while continuing to support its long-term market position and passenger needs.
Looking ahead, Gerogiannis noted that while the effects of rising fuel costs are expected to become more pronounced in the second quarter, summer demand remains resilient. He expressed optimism about the airline's future, stating, "Despite the difficulties of 2026, we remain optimistic about Aegean’s prospects." He attributed this optimism to consistent investments in a modern fleet, a strong capital base, and the adaptability of the company and its workforce.
In line with its growth strategy, Aegean Airlines took delivery of two new A321neo aircraft during the first quarter of 2026, with plans to receive seven additional A321neo aircraft within the first nine months of the year. This investment is part of the airline's ongoing commitment to modernize its fleet.
Furthermore, Aegean Airlines' credit standing remains robust, as evidenced by ICAP CRIF Ratings maintaining its AA rating on July 3, following a regular assessment. This AA rating positions Aegean in the low credit risk category regarding overall creditworthiness, which is particularly relevant in the context of the company’s €250 million common bond loan issued on July 7, 2025.
As Aegean Airlines prepares to share its half-year results, stakeholders and analysts will be closely monitoring the company's performance amid ongoing challenges in the aviation sector. The forthcoming financial statements and the subsequent conference call are expected to provide valuable insights into the airline's strategies and outlook for the remainder of 2026.