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A3 financial results [last update Nov 2023, Q3 2023 results]

A3 financial results [last update Nov 2023, Q3 2023 results]

Old Oct 19, 2021, 5:26 am
  #151  
 
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https://www.exyuaviation.com/2021/10...-airlines.html
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Old Nov 24, 2021, 12:59 am
  #152  
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PRESS RELEASE

Third quarter and nine-month 2021 trading update

59 mil. headline pre-tax profit, 3,3 mil. passengers and doubling of revenues in the third quarter of 2021 compared with 2020.
First profitable quarter since the beginning of the pandemic.
Nine-month headline pre-tax result remains loss making.

Athens, November 24th, 2021

AEGEAN announces a trading update for the third quarter and nine-month period ending September 30, 2021.
Following the introduction of EU Digital COVID Certificate and the easing of travel restrictions during the third quarter of 2021, AEGEAN operated with increased capacity and managed to double its revenue and international passenger traffic compared with the third quarter of 2020.
The Group offered 4,6 mil. seats and carried 3,3 mil. passengers with domestic traffic reaching 1,5 mil. passengers and international traffic 1,8 mil. passengers. Load factor for the period stood at 70,3%, higher than the third quarter of 2020, which stood at 65,7%, but significantly lower than pre-pandemic levels of 87,7% in the corresponding period in 2019.
Consolidated revenues amounted to 333,9 mil., an increase of 115% compared with the third quarter of 2020. Headline profit before taxes on a comparable basis amounted to 58,8 mil. in the third quarter of 2021 from losses before taxes totalling 36,9 mil. in the third quarter of 2020.
It is important to note that the third quarter of 2021 is the first profitable quarter since the start of the pandemic in which AEGEAN recorded headline profitability by offering 76% of its capacity in ASKs compared with the third quarter of 2019. During this period the company operated with direct international flights from its bases in Athens, Thessaloniki, Heraklion, Rhodes, Chania, Corfu, Mykonos and Larnaca, supporting the gradual return to normality and Greeces tourism.
In the nine-month period of 2021, which included the effect of the second lockdown that restricted significantly activity for the first half of the year, consolidated revenue stood at 486,8 mil., 42% higher than the respective period in 2020. The Group carried 5 mil. passengers up from 4,4 mil. passengers in the nine-month period of 2020 while headline losses before taxes stood at 32,9 mil. from 237,7 mil. losses before taxes in the respective period in 2020.

https://en.aegeanair.com/-/media/abo...results_en.pdf
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Old Nov 24, 2021, 7:36 am
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Not so bad.....
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Old Nov 24, 2021, 9:47 am
  #154  
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Excellent, now there's no excuse for not returning service to normal!
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Old Nov 24, 2021, 10:15 am
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Originally Posted by lhrpete
Excellent, now there's no excuse for not returning service to normal!
Why? They are still in minus.....over the year , and who knows what is coming with the covid? Is not finished yet.

Last edited by powergean; Nov 25, 2021 at 2:03 pm
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Old Mar 23, 2022, 1:28 am
  #156  
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Latest results are in




https://en.aegeanair.com/-/media/abo...3-fy-21_en.pdf
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Old Mar 23, 2022, 2:18 am
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Not to bad!
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Old May 26, 2022, 8:31 am
  #158  
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Latest financials
















https://en.aegeanair.com/-/media/abo...1-22-ir_en.pdf
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Old May 28, 2022, 3:55 pm
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So what conclusions can be drawn from the latest financial update? For me, the two things that stand out are: (1) net losses in Q1 2022 were not significantly better than in Q1 2021; and (2) the net assets of Aegean appear to be a rather meagre €220 million. It is no wonder that the Aegean CEO could not put much of a positive spin on the results.
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Old May 29, 2022, 3:22 am
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Wait the Q2 and Q3 . Will be better then 2019.
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Old May 29, 2022, 6:33 am
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Originally Posted by johnirvine
So what conclusions can be drawn from the latest financial update? For me, the two things that stand out are: (1) net losses in Q1 2022 were not significantly better than in Q1 2021; and (2) the net assets of Aegean appear to be a rather meagre 220 million. It is no wonder that the Aegean CEO could not put much of a positive spin on the results.
Yet losses have been considerably less compared to other carriers and markets. This is going to be a boom year for Greece it has already started. So we will see a much healthier position going forward unless outside influences cause a massive spanner in the works.
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Old May 29, 2022, 9:31 am
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Originally Posted by DELLAS
Yet losses have been considerably less compared to other carriers and markets. This is going to be a boom year for Greece it has already started. So we will see a much healthier position going forward unless outside influences cause a massive spanner in the works.
It is easy to say, 'yes but...' The Aegean quarterly financial update you posted reports 'facts' as reported by the company to its shareholders and, as such, merits discussion and explanation. I believe that a lot of previous bad news is hidden in the current figures and this will continue to affect the profitability and asset situation of Aegean for some time. Concerning the rest of the year, I agree that 2022 should, in nominal terms at least, probably be the best year ever for Greece's tourist industry. The same will be the case for Cyprus despite the absence of high-spending Russian and Ukrainian tourists. I know of businesses in Cyprus that are currently 40% up on their previous best figures for January-May. But the future can easily be written differently with monkey business from one of our Levantine cousins, earthquakes or a blockade of the Bosphorous......
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Old May 29, 2022, 10:11 am
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No, dont worry, Aegean will rocking 2022.
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Old Jun 9, 2022, 3:28 am
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https://en.about.aegeanair.com/media...on-passengers/
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Old Jun 9, 2022, 9:32 am
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Huh?
Also, after the addition of Cologne airport destinations in Germany are currently 12 (Frankfurt, Munich, Dsseldorf, Stuttgart, Hamburg, Berlin, Hannover, Nuremberg, Cologne, Karlsruhe / Baden-Baden, Mnster Osnabrck)
FMO? When and from/to where? That airport is neither on the destinations map nor on the list! There are only 11 airports to be found in Germany, not 12.
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