Aegean Airlines reports mixed financial results for the first quarter of 2026

Aegean Airlines reported a 5% increase in consolidated revenue to €320.7 million and a 4% rise in passenger traffic to 3.23 million for the first quarter of 2026. Despite these gains and a 6% increase in EBITDA to €46.6 million, the company's after-tax loss widened to €21.7 million, compared to a €6.6 million loss in the same period of 2025. The widening loss was primarily attributed to negative foreign exchange valuations of €8.1 million. The airline's operations faced challenges in March due to the suspension of flights in the Middle East and rising fuel costs linked to regional conflicts. Performance in the first two months of the year helped mitigate these negative pressures. During the quarter, Aegean took delivery of two new A321neo aircraft, with five more scheduled for delivery later in 2026. On March 12, 2026, the company repaid a €200 million bond loan, leaving cash and financial investments at €891.6 million as of March 31, 2026.