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Aegean Airlines Delivers Impressive 2025 Interim Results Amid Operational Headwinds

by THEFUTURE.TEAM

November 12, 2025

Aegean Airlines, a leader in the European aviation market, announced robust financial and operational results for the first nine months of 2025. The airline reported consolidated revenue of €1.43 billion, marking a 4% increase year-on-year. This performance was buoyed by carrying 13.2 million passengers—a 5% increase—as it operated 16 million available seats, including 7.7 million international and 5.5 million domestic seats.

Improved Profitability And Operational Efficiency

The carrier’s earnings before interest, taxes, depreciation, and amortization (EBITDA) improved by 8% to reach €356.6 million, while its profit before tax surged by 14% to €194.7 million. Net profit after tax grew 12% to €148 million, underscoring the airline’s effective cost management and operational discipline even in the face of rising regulatory expenses.

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Adapting To Regulatory And Market Challenges

Despite an additional €32 million burden from higher regulatory costs—resulting from reduced free CO2 emission allowances and increased use of sustainable aviation fuel (SAF)—Aegean Airlines managed to partially offset these challenges with lower fuel prices. In the third quarter, the airline expanded its capacity by offering 6.6 million seats (a 5% increase) and carried 5.6 million passengers, reflecting a modest load factor improvement to 84.3% thanks to the incremental introduction of larger A321neo aircraft.

Quarterly Results And Market Reactions

In the third quarter alone, consolidated revenue reached €647.1 million with EBITDA climbing 10% to €200.4 million. Although earnings before interest and taxes (EBIT) rose by 8% to €147.7 million, pre-tax and after-tax profits experienced a 7% decline attributed to the partial recovery of the US dollar, which impacted aircraft lease liabilities. As of September 30, 2025, Aegean’s liquidity position was solid, with liquid assets and financial investments amounting to €1.04 billion.

CEO Outlook And Strategic Initiatives

CEO Dimitrios Gerogiannis characterized 2025 as a year of continued growth, emphasizing that robust demand for air travel—driven by both domestic and international markets—remains a key strength. He highlighted that strategic investments in product and service enhancements are reinforcing passenger confidence and supporting improved operational and net profitability metrics across the industry.

Addressing Operational Challenges

Gerogiannis acknowledged the operational complexities faced during the summer months, including air traffic restrictions across Europe and preventative checks on the GTF engines of the airline’s new aircraft. According to the latest updates from Pratt & Whitney, the inspection cycle for these engines is expected to extend for an additional 30 months, with 12 aircraft currently out of service—a figure that should diminish gradually from autumn 2026. Despite these challenges, the commitment of Aegean’s workforce has been praised for its role in reinforcing overall performance.

Outlook For The Fourth Quarter And Fleet Expansion

Looking ahead, Aegean Airlines plans to increase available seats by 9% in the fourth quarter, boosting capacity across both domestic and international routes, and forging new connections to the Middle East. Throughout 2025, the airline also expanded its fleet with six new aircraft, including five Airbus A320/321neo models and one ATR 72-600, with two aircraft financed entirely from free cash flow.

These developments reflect Aegean Airlines’ strategic commitment to growth and operational excellence amid a dynamic global aviation landscape.

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Cyprus Income Distribution 2024: An In-Depth Breakdown of Economic Classes

by THEFUTURE.TEAM

December 24, 2025

New findings from the Cyprus Statistical Service offer a comprehensive analysis of the nation’s income stratification in 2024. The report, titled Population By Income Class, provides critical insights into the proportions of the population that fall within the middle, upper, and lower income brackets, as well as those at risk of poverty.

Income Distribution Overview

The data for 2024 show that 64.6% of the population falls within the middle income class – a modest increase from 63% in 2011. However, it is noteworthy that the range for this class begins at a comparatively low threshold of €15,501. Meanwhile, 27.8% of the population continues to reside in the lower income bracket (a figure largely unchanged from 27.7% in 2011), with nearly 14.6% of these individuals identified as at risk of poverty. The upper income class accounted for 7.6% of the population, a slight decline from 9.1% in 2011.

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Income Brackets And Their Thresholds

According to the report, the median equivalent disposable national income reached €20,666 in 2024. The upper limit of the lower income class was established at €15,500, and the threshold for poverty risk was set at €12,400. The middle income category spans from €15,501 to €41,332, while any household earning over €41,333 is classified in the upper income class. The median equivalents for each group were reported at €12,271 for the lower, €23,517 for the middle, and €51,316 for the upper income classes.

Methodological Insights And Comparative Findings

Employing the methodology recommended by the Organisation for Economic Co-operation and Development (OECD), the report defines the middle income class as households earning between 75% and 200% of the national median income. In contrast, incomes exceeding 200% of the median classify households as upper income, while those earning below 75% fall into the lower income category.

Detailed Findings Across Income Segments

Upper Income Class: Comprising 73,055 individuals (7.6% of the population), this group had a median equivalent disposable income of €51,136. Notably, the share of individuals in this category has contracted since 2011.
Upper Middle Income Segment: This subgroup includes 112,694 people (11.7% of the population) with a median income of €34,961. Combined with the upper income class, they represent 185,749 individuals.
Middle Income Group: Encompassing 30.3% of the population (approximately 294,624 individuals), this segment reports a median disposable income of €24,975.
Lower Middle And Lower Income Classes: The lower middle income category includes 22.2% of the population (211,768 individuals) with a median income of €17,800, while the lower income class accounts for 27.8% (267,557 individuals) with a median income of €12,271.

Payment Behaviors And Economic Implications

The report also examines how income levels influence repayment behavior for primary residence loans or rental payments. Historically, households in the lower income class have experienced the greatest delays. In 2024, 27.0% of those in the lower income bracket were late on payments—a significant improvement from 34.6% in 2011. For the middle income class, late payments were observed in 9.9% of cases, down from 21.4% in 2011. Among the upper income class, only 3% experienced delays, compared to 9.9% previously.

This detailed analysis underscores shifts in income distribution and repayment behavior across Cyprus, reflecting broader economic trends that are critical for policymakers and investors to consider as they navigate the evolving financial landscape.