Aegean records loss but reports first-ever Q1 positive EBIDTA

Greek carrier Aegean reported a 90% increase in consolidated revenue and first-ever first quarter positive EBITDA. The €229,1 million in consolidated revenue was  33% higher than Q1 2019 and was based on a 72% year-on-year increase in the passenger number to 2.6 million. The positive EBITDA of €19,3 million came despite the carrier reporting an after-tax loss of €14,4 million, which all the same was a gain on the loss of €38.5 million in Q1 2022. The passenger load factor reached 82%, 15.5 percentage points up on  Q1-22, with “ioncreased capacity during the winter period, robust demand, new services and