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Aegean announces 1H15 traffic results

Aegean Airlines has revealed that during the first half of 2015 (1H15) its passenger numbers reached 4,962,537, which was 15% more compared with the same period in 2014 (1H14).International traffic accounted for 2,407,107 of the total passengers – 400,000 more than in 1H14 – demonstrating a 20% increase. This figure has risen at a speed three times faster than the country’s rate of growth in total tourism air arrivals during 1H15. Domestic passenger traffic increased by 10% from 2,321,176 to 2,555,430 across the respective periods.These increases are the result of Aegean’s fleet expansion, which will see 7 additional Airbus aircraft in the carrier’s fleet, resulting in 16 new destinations to nine countries as well as increasing frequencies to existing destinations. Three of the new aircraft have been delivered, with the remainder due to arrive by March 2016.Athens, Aegean’s hub and main base, welcomed 26% more international passengers on Aegean flights, driven by additional frequencies to traditional main source markets like France, Italy, Switzerland as well as new routes. During the upcoming weeks, flights to Riyadh and Teheran will be launched as well contributing to increased traffic from the Middle East.“During the first half of 2015 and despite unique challenges we have proven our resilience and ability to contribute materially and consistently to Greek tourism by delivering a strong 20% growth in international traffic,” stated Aegean’s managing director, Dimitris Gerogiannis. “Investment in new aircraft, new routes and new services all aim to expand our ability to compete in quality and efficiency and grow within a challenging environment.“It should be noted during the last three weeks and since the imposition of capital controls we were initially faced with a significant loss in net bookings for both domestic and international travel for July onwards. We responded immediately with fare offerings, despite being in peak season, and with significant cost to our yields. Our effective response, albeit costly, combined with the promise of a gradual return to normality evident during the last few days have borne fruit,” Gerogiannis noted. “Indeed, for the first half of July we have achieved a 30% increase in our international traffic to Athens, equal to the additional capacity we have invested. Using offers, we have even managed to have marginal growth in domestic traffic which was even more severely affected. Naturally further normalisation of conditions is required to keep the positive dynamic we now experience.”

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