Aegean Airlines stock reports a first half loss as revenue rises

Published on 10/04/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aegean Airlines stock closed at EUR 11.08 on October 2 after first-half revenue rose 4 percent. Net income swung to a EUR 3.3 million loss.

Aegean Airlines, GRS495003006, Illustration mit AI erstellt.

Aegean Airlines (ISIN GRS495003006) closed at EUR 11.08 on the Athens Exchange on October 2, 2026, down 0.72 percent from the previous session. The latest company figures show a sharper issue than the modest share-price move: first-half revenue rose 4 percent to EUR 816.6 million, but net income swung to a EUR 3.3 million loss. Reuters reported the results on September 14, 2026.

Revenue grew while profit reversed

The first-half loss compares with net income of EUR 47.9 million in the same period of 2025. EBITDA also moved against the revenue trend, falling 7 percent year over year to EUR 145.3 million, while the pre-tax result changed from a EUR 66.0 million profit to a EUR 5.7 million loss, according to Reuters.

The operating picture was stronger in the second quarter. Revenue increased 3 percent to EUR 495.8 million and net income reached EUR 18.5 million, although that quarterly profit was 66 percent below the EUR 54.5 million reported a year earlier. Passenger traffic for the first half rose 3 percent to 7.8 million.

Fuel and capacity shape the outlook

Higher fuel and emissions costs had a EUR 40 million negative impact in the first half, despite hedging benefits. Management also said jet fuel prices were twice as high as at the beginning of 2026, making capacity discipline more important for the remaining months.

Management expects fourth-quarter available seat kilometers to remain between minus 1 percent and plus 1 percent. It also said Aegean does not expect available seat kilometer growth in 2027, while first-half cash and cash equivalents stood at EUR 950 million, according to Investing.com.

Stock stays below its yearly high

The October 2 session ranged from EUR 11.06 to EUR 11.28, with 53,070 shares traded. Aegean Airlines stock remains below its 52-week high of EUR 15.36 and above its 52-week low of EUR 10.80, leaving fuel costs, route normalization and margin recovery as the central operating questions.

EUR 11.08 closing price

Aegean Airlines stock closed at EUR 11.08 on the Athens Exchange on October 2, 2026, while market capitalization stood at EUR 994.3 million on the same date.