AEGEAN – The profitable third quarter and the strategy for the day after

AEGEAN will close the first profitable quarter after the pandemic hit at the end of September, as it prepares for the first year with full activity.

The course of this summer, during which our country was among the top destinations in Europe, showed signs of steady recovery.

Although the consequences of the pandemic will be visible in the coming years, the forecasts for 2022 are very optimistic. Giving weight to the Athens hub and accelerating the receipt of new aircraft for 2022 and 2023, AEGEAN is preparing for the day after.

During the teleconference for the results of the first half of 2021, the president of AEGEAN, Mr. Eftychios Vasilakis developed the central axes of the strategy from now on. We have left the worst behind. The third quarter of 2021 will be the first profitable quarter after the outbreak of the pandemic," he said.

In fact, the country's largest airline will stop losing money and with the performance of the third quarter is expected to cover the losses of the second. This means limiting losses for the current year, but it does not cover the whole year that remains difficult.

Signs of recovery and the role of Athens

However, the picture in the aviation market seems to be changing and our country after the positive performance of this summer has built a base for a return to normalcy from 2022. Next year will be the first in which travelers are expected to be more willing to travel , as vaccination and the European digital certificate have built a firewall against the pandemic.

Of course, as Mr. Vasilakis pointed out, the particularly positive course of Greece, which picked up pace from July and "took off" in August, achieving a recovery of 95% of flights compared to Europe, which gained 70 % of traffic...