LONDON – According to data from RadarBox.com, Aegean Airlines’ flight movement statistics have increased in a triple-digit fashion compared to last year.
The airline is currently operating above pre-pandemic levels as well, which is placing a significant emphasis on the carrier’s rocket pace to recovery and beyond.
Without further ado, let’s get into the numbers…
For this week, the airline achieved 194 movements, which is an increase of 136.59% compared to the same period last year, where 82 movements were recorded based on a seven-day rolling average.
The airline is around 87 movements ahead of the same period in 2019, which is where the strong recovery from the COVID-19 pandemic is attributed to.
Below is the last four weeks’ worth of data for the carrier:
|Date||2019 Numbers||2021 Numbers||2022 Numbers||Percentage Difference (2022 vs. 2021)|
|October 21-29||140 movements||112 movements||229 movements||+104.46%|
|October 29-November 5||122 movements||101 movements||217 movements||+114.85%|
|November 5-12||120 movements||89 movements||200 movements||+124.72%|
|November 12-19||111 movements||84 movements||199 movements||+136.90%|
Even in the last four weeks, you can see the level of consistency in such triple-digit growth compared to the same period last year and even more so compared to 2019 levels.
Strong Profit in Q3…
Earlier this month, the Greek carrier achieved a €152.1 million profit following a revenue input of €571.4 million and a net profit of €120.8 million.
Both of these figures are quite a significant improvement when compared to 2021’s Q3 standings of a profit of €58.8 million from a revenue of €333.9 million.
This makes the profit in Q3 2022 a 158% increase, with revenue also increasing by 71% when compared to the 2021 figures.
These improvements were certainly helped by the fact that Aegean carried 4.6 million passengers during 2022’s Q3, which is a 41% increase when compared to 2021’s Q3 passenger figures of 3.3 million.
From a nine-month perspective, Aegean has achieved a revenue figure of €1.02 billion, which is a 109% increase on 2021’s nine-month revenue figure of €486.8 million.
This is also coupled with a net profit for 2022’s nine-month period of €93.2 million when compared to 2021’s nine-month net profit of €28.8 million, a staggering 224% increase.
In terms of passenger figures for Aegean’s nine-month stats, they have carried a total of nearly 9.4 million passengers, an 89% increase on 2021’s 4.9 million passenger count.
During the nine months in 2022, they achieved a load factor of 79% compared to 2021’s 64% load factor, a 15% increase with 2022’s ASK’s standing at 12.6 million, which is up by 69% from 2021’s 7.4 million.
It remains clear that Aegean Airlines is on a clear trajectory that is heading upwards, and generating profits during a volatile time for the industry is something the airline should be credited for.
Looking ahead into the Winter, it’s going to be interesting to see whether the airline can produce the same results, which may be unlikely due to how busy the Summer 2022 season was.
Either way, Aegean Airlines is once again on its way to short-term and long-term success going into the future.