- Aegean Airlines posted a net loss of €3.3m in H1 2026
- Revenue reached €816.6m, up 4pc year-on-year
- The airline carried 7.8m passengers with an 80.3pc load factor
- Middle East flight suspensions lasted four months from March to June
- Fuel costs and emissions allowances had a €40m impact
Aegean Airlines has reported a net loss of €3.3m for the first half of 2026. While the airline managed a profitable second quarter posting a net profit after tax of €18.5m, this was not enough to offset the €21.7m net loss suffered during the first quarter. Consolidated revenue reached €816.6m, representing a 4pc increase compared to the first half of 2025.
The airline carried 7.8m passengers, up 3pc year-on-year, maintaining a load factor of 80.3pc. Domestic traffic grew by 6pc driven by strong demand for Greek destinations. International traffic remained flat due to network disruptions. EBITDA fell 7pc year-on-year to €145.3m.
The modest revenue growth was overshadowed by macroeconomic and geopolitical pressures. Flight suspensions to parts of the Middle East lasted for four months from March to June, severely hurting international connecting traffic. Higher fuel prices and emissions allowances dealt a net blow of €40m even after accounting for hedging contracts. The group faced €14.1m in foreign exchange valuation losses.
