FlyerTalk Forums - View Single Post - A3 financial results [last update Nov 2024, Q3 2024 results]
Old Jan 14, 2018 | 5:33 am
  #33  
johnirvine
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Join Date: Dec 2013
Location: Cyprus
Programs: LH SEN, A3*G, TK*G E+, ALL/Accor Plat
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Originally Posted by DELLAS
A Historic Record of 13.2 million passengers

6% increase in traffic

International passenger traffic increased significantly by 15%

AEGEAN and Olympic Air passenger traffic increased by 6% in 2017. For the first time in the airlines’ history, the number of passengers surpassed the 13 million mark. More specifically, a historic record of 13.2 million passengers were carried; 750 thousand more than the previous year. It is worth mentioning that the increase in traffic is entirely due to the improved utilization of the network, since the number of flights operated in 2017 was not higher than in 2016.

Passengers traveled in the international network, which continues to be the main growth driver, amounted to 7.3 million passengers, recording an annual increase of 9%. On the other hand, despite the increased number of competitors, domestic traffic also increased, reaching 5.9 million passengers compared to 5.7 million in 2016, with frequent and appealing fare offers leading to higher load factors.

The strengthening of the Athens network has been the main focus of investment for yet another year. More specifically, international passenger traffic increased by 15%, while total traffic from AIA increased by 9%, with AEGEAN surpassing 10 million passengers for the first time, thus contributing to the traffic and tourist movement of the airport and the city of Athens.

In 2017, AEGEAN achieved historically high load factors, as a result of its successful commercial policy and efficient network management. Specifically, the load factor rate for the entire domestic and international network increased to 83%, compared to 77% in the previous year.

https://en.about.aegeanair.com/media...si-etoys-2017/
It seems from the reported statistics that much of the growth in passenger numbers has been in international point to point travel to ATH (partly reflecting the bumper tourist season which Greece has enjoyed this year). If so, do you think that the severe competition in this market with several LCCs will mean that these passenger numbers (and increased load factors) will not be reflected in increased profits? My concern is that A3 is getting less interested in international transfer traffic (and thus the wind-down in its LCA *A operations) and more in point to point travel to Greece (plus domestic transfers). I foresee severe competition and conflict with LH Group on the horizon and A3 perhaps being pushed into OW or working more with Etihad. Already this year, EW has started its expansion into Cyprus and their flights are additional to the multi-daily flights operated by OS, LH and LX to VIE, MUC, FRA and ZUR.
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