Reported Earnings • May 21
First quarter 2026 earnings released First quarter 2026 results: €0.24 loss per share. Revenue: €320.7m (up 4.8% from 1Q 2025). Net loss: €21.7m (loss widened 229% from 1Q 2025). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Non-Executive Director Alexandra Papalexopoulou-Benopoulou was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Mar 13
Aegean Airlines S.A. announces Annual dividend, payable on May 05, 2026 Aegean Airlines S.A. announced Annual dividend of EUR 0.9000 per share payable on May 05, 2026, ex-date on April 28, 2026 and record date on April 29, 2026. Duyuru • Mar 03
Aegean Airlines S.A., Annual General Meeting, Apr 22, 2026 Aegean Airlines S.A., Annual General Meeting, Apr 22, 2026. Duyuru • Mar 02
Aegean Airlines S.A. to Report Fiscal Year 2025 Results on Mar 12, 2026 Aegean Airlines S.A. announced that they will report fiscal year 2025 results Pre-Market on Mar 12, 2026 Duyuru • Nov 04
Aegean Airlines S.A. to Report Nine Months, 2025 Results on Nov 11, 2025 Aegean Airlines S.A. announced that they will report nine months, 2025 results on Nov 11, 2025 Duyuru • Sep 02
Aegean Airlines S.A. to Report First Half, 2025 Results on Sep 16, 2025 Aegean Airlines S.A. announced that they will report first half, 2025 results on Sep 16, 2025 Duyuru • May 26
Aegean Airlines S.A. to Report Q1, 2025 Results on May 28, 2025 Aegean Airlines S.A. announced that they will report Q1, 2025 results on May 28, 2025 Duyuru • Mar 18
Aegean Airlines S.A. announces Annual dividend, payable on May 26, 2025 Aegean Airlines S.A. announced Annual dividend of EUR 0.8000 per share payable on May 26, 2025, ex-date on May 20, 2025 and record date on May 21, 2025. Duyuru • Mar 13
Aegean Airlines S.A., Annual General Meeting, Apr 29, 2025 Aegean Airlines S.A., Annual General Meeting, Apr 29, 2025. Duyuru • Mar 12
Aegean Airlines S.A. to Report Fiscal Year 2024 Results on Mar 17, 2025 Aegean Airlines S.A. announced that they will report fiscal year 2024 results After-Market on Mar 17, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €1.21. Revenue: €630.8m (down 3.5% from 3Q 2023). Net income: €108.3m (down 19% from 3Q 2023). Profit margin: 17% (down from 20% in 3Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Airlines industry in Europe. Reported Earnings • Sep 12
Second quarter 2024 earnings released Second quarter 2024 results: Net income: €23.3m (down 56% from 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 29
Aegean Airlines S.A. to Report First Half, 2024 Results on Sep 11, 2024 Aegean Airlines S.A. announced that they will report first half, 2024 results on Sep 11, 2024 Reported Earnings • May 26
First quarter 2024 earnings released First quarter 2024 results: €0.23 loss per share. Revenue: €268.8m (up 17% from 1Q 2023). Net loss: €21.0m (loss widened 46% from 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • May 22
Aegean Airlines S.A. to Report Q1, 2024 Results on May 24, 2024 Aegean Airlines S.A. announced that they will report Q1, 2024 results on May 24, 2024 Upcoming Dividend • May 13
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 27 May 2024. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Alexandra Papalexopoulou-Benopoulou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 01
Aegean Airlines S.A., Annual General Meeting, Apr 30, 2024 Aegean Airlines S.A., Annual General Meeting, Apr 30, 2024. New Risk • Mar 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 13
Full year 2023 earnings released Full year 2023 results: Revenue: €1.69b (up 23% from FY 2022). Net income: €168.7m (up 56% from FY 2022). Profit margin: 10.0% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.66, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Airlines industry in Europe. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.41 per share. Reported Earnings • Sep 08
Second quarter 2023 earnings released: EPS: €0.58 (vs €0.13 in 2Q 2022) Second quarter 2023 results: EPS: €0.58 (up from €0.13 in 2Q 2022). Revenue: €463.5m (up 36% from 2Q 2022). Net income: €52.6m (up 344% from 2Q 2022). Profit margin: 11% (up from 3.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 08
Aegean Airlines S.A. to Report First Half, 2023 Results on Sep 07, 2023 Aegean Airlines S.A. announced that they will report first half, 2023 results on Sep 07, 2023 Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Airlines industry in Europe. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.03 per share. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.25, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Airlines industry in Europe. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.65 per share. Reported Earnings • May 17
First quarter 2023 earnings released First quarter 2023 results: €0.16 loss per share. Revenue: €229.1m (up 90% from 1Q 2022). Net loss: €14.4m (loss narrowed 63% from 1Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Airlines industry in Europe. Reported Earnings • Mar 17
Full year 2022 earnings released Full year 2022 results: Revenue: €1.34b (up 94% from FY 2021). Net income: €106.8m (up €101.9m from FY 2021). Profit margin: 8.0% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Airlines industry in Europe. Duyuru • Feb 12
Aegean Airlines S.A., Annual General Meeting, Jul 06, 2023 Aegean Airlines S.A., Annual General Meeting, Jul 06, 2023, at 14:30 GMT Standard Time. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €1.34. Revenue: €571.4m (up 71% from 3Q 2021). Net income: €120.8m (up 13% from 3Q 2021). Profit margin: 21% (down from 32% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Alexandra Papalexopoulou-Benopoulou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €1.34. Revenue: €571.4m (up 71% from 3Q 2021). Net income: €120.8m (up 13% from 3Q 2021). Profit margin: 21% (down from 32% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 17
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €342.1m (up 202% from 2Q 2021). Net income: €10.8m (up €44.7m from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year. Duyuru • Sep 03
Aegean Airlines S.A. to Report First Half, 2022 Results on Sep 15, 2022 Aegean Airlines S.A. announced that they will report first half, 2022 results on Sep 15, 2022 Recent Insider Transactions • Jun 10
Executive Chairman recently bought €52k worth of stock On the 3rd of June, Eftichios Vassilakis bought around 10k shares on-market at roughly €5.18 per share. This was the largest purchase by an insider in the last 3 months. Eftichios has been a buyer over the last 12 months, purchasing a net total of €104k worth in shares. Reported Earnings • May 28
First quarter 2022 earnings released First quarter 2022 results: €0.43 loss per share. Revenue: €120.8m (up 172% from 1Q 2021). Net loss: €38.5m (loss narrowed 14% from 1Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 131% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 10 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Konstantinos Kalamatas was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 18
Now 21% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be €6.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Nov 25
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: €1.19. Revenue: €333.9m (up 115% from 3Q 2020). Net income: €107.2m (up €135.5m from 3Q 2020). Profit margin: 32% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 60%, compared to a 192% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 18
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €113.2m (up 136% from 2Q 2020). Net loss: €33.9m (loss narrowed 54% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 09
First quarter 2021 earnings released: €0.62 loss per share The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: €44.4m (down 70% from 1Q 2020). Net loss: €44.5m (loss narrowed 48% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2020 earnings released: €3.19 loss per share (vs €1.10 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €434.6m (down 67% from FY 2019). Net loss: €227.9m (down 390% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Duyuru • Mar 12
Aegean Airlines S.A., Annual General Meeting, Mar 24, 2021 Aegean Airlines S.A., Annual General Meeting, Mar 24, 2021, at 12:00 E. Europe Standard Time. Is New 90 Day High Low • Mar 02
New 90-day high: €5.54 The company is up 24% from its price of €4.48 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 15% over the same period. Recent Insider Transactions • Feb 25
Executive Chairman recently bought €174k worth of stock On the 19th of February, Eftichios Vassilakis bought around 40k shares on-market at roughly €4.35 per share. This was the largest purchase by an insider in the last 3 months. Eftichios has been a buyer over the last 12 months, purchasing a net total of €480k worth in shares. Recent Insider Transactions • Feb 03
Executive Chairman recently bought €83k worth of stock On the 29th of January, Eftichios Vassilakis bought around 20k shares on-market at roughly €4.13 per share. This was the largest purchase by an insider in the last 3 months. Eftichios has been a buyer over the last 12 months, purchasing a net total of €139k worth in shares. Is New 90 Day High Low • Dec 29
New 90-day high: €5.27 The company is up 70% from its price of €3.10 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 39% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.14 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €4.52 The company is up 31% from its price of €3.44 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.13 per share. Is New 90 Day High Low • Nov 12
New 90-day high: €4.00 The company is up 15% from its price of €3.47 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.04 per share. Is New 90 Day High Low • Oct 24
New 90-day low: €2.80 The company is down 29% from its price of €3.93 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.96 per share. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total losses of €67.2m, with earnings decreasing by €135.8m from the prior year. Total revenue was €994.6m over the last 12 months, down 22% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: €3.29 The company is down 18% from its price of €4.02 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Airlines industry, which is also down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.22 per share. Duyuru • Jul 23
Aegean Airlines S.A. to Report First Half, 2020 Results on Sep 18, 2020 Aegean Airlines S.A. announced that they will report first half, 2020 results on Sep 18, 2020 Duyuru • Jun 30
Aegean Airlines S.A. Proposes Nil Dividend for the Fiscal Year Ended December 31, 2019 Aegean Airlines S.A. proposed nil dividend for the fiscal year ended December 31, 2019.