Aegean Airlines
Aegean Airlines (AEGN) closed at €11.40 on 09/11/2026, +2.70% on the day. Market cap €1bn, P/E 10.6, dividend yield 7.92%.
Why it moved today
No published cause yet.
Announcements to the exchange
- 12/10/2026 14:15Resignation and Replacement of a Member of the Board of Directors
- 12/10/2026 13:45Michalis Kouveliotis appointed Chief Executive Officer of AEGEAN
- 12/10/2026 10:03Election of a New Member of the Audit Committee in Replacement of Resigned Member and Reconstitution of the Audit Committee into a Body
- 12/10/2026 09:58Replacement of a resigned member of the Board of Directors
AEGN −1.0% (€11.52 → €11.40) · General Index —
Deepest fall inside it: −18.3% (3 Jul → 23 Oct 2026)
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Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 9 Nov close- Market value
- Enterprise valueJun 2026est.
- Shares outstandingJun 2026
- Revenue12 months to Jun 2026
- Employees
- Free float
- Traded a day, 3-month average
Valuation
12 months to Jun 2026- P/E
- P/B
- EV/Salesest.
- EV/EBITDAest.
- P/FCF
- Dividend yield
5 years, on reported full years: 3.2–6.1×, median 4.3×. Today 4.0×, lower than 70% of months.
Margins
12 months to Jun 2026- GrossFY2025
- —
- EBITDA
- Operating (EBIT)
- Pre-tax
- Net
- Free cash flow
its accounts show no gross profit
Net margin = the shareholders' profit ÷ group revenue.
Returns
12 months to Jun 2026- ROE
- ROCE
- ROICest.
- ROAFY2025
- ROE, 5-year averageFY2021–25
- Tax rateFY2025
Financial health
Jun 2026- CashDec 2025
- Net debt
- Net debt ÷ EBITDA
- Debt ÷ equityDec 2025
- Interest cover12 months to Jun 2026
leases included
Growth
- Revenue, last yearFY2025
- Revenue, last halfH1 2026
- EPS, last yearFY2025
- EPS, last halfH1 2026
- Revenue, 3 yearsFY2022–25, a year
- Revenue, 5 yearsFY2020–25, a year
- EPS, 3 yearsFY2022–25, a year
- Shares, 3 yearsFY2022–25
Dividends
FY2025- Yield, last 12 months
- Per share
- Payout
- Covered by free cash flow
- Years paid, last fiveFY2021–25
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- −8.4%
- 3 years, a year
- +7.0%
- 5 years, a year
- +21.8%
- 10 years, a year
- +11.4%
- Volatility, 1 year
- 30.6%
- Beta to the General Index
- 1.22×
- Deepest fall, 1 year / 5 years
- −25.3% / −30.4%
- 52-week range
- €10.59–€15.26
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
Loading the charts…
Valuation
no like-for-like peer| Metric | AEGN |
|---|---|
| P/E | 10.6 |
| P/B | 1.9 |
| P/S | 0.54 |
| EV/EBITDA | 4.1 |
| Dividend yield | 7.9% |
| Payout ratio | 54.8% |
| Operating margin | 10.5% |
| Net margin | 5.1% |
| ROE | 18.4% |
| Revenue growth (last full year) | 4.6% |
| Net debt | €676.4m |
Peers: Airlines
No other company listed in Athens runs this business; related ones can be ticked in.
Not compared: AIA (airports)
The company
AI-draftedAegean Airlines is a Greek scheduled network airline listed in Athens and owner of Olympic Air. It carried 7.77 million passengers in H1 2026. Revenue was €816.6m, but higher fuel, maintenance and emissions costs helped turn a year-earlier profit into a €3.3m loss. The Vassilakis family is its largest voting block.
- Not an insurer or a financial company: Euronext Athens classifies it under Travel and Leisure / Airlines, and insurance intermediation was added in April 2026 only as an ancillary activity.4,6
- Not the old state-owned Olympic Airways: Olympic Air is a wholly owned subsidiary bought in 2013, and the Greek State holds no shares.1
- Not an outright fleet owner: IFRS 16 lease liabilities were €1,114.2m at 30 June 2026 versus €518.3m of borrowings.9
- Oct 2026Michalis Kouveliotis became CEO on 12 October, succeeding Dimitris Gerogiannis, who remains an advisor. Stella Dimaraki became CFO and Ilias Mandroukas CCO from 1 October.10,11,12
- Sep 2026H1 2026 revenue reached €816.6m, EBITDA €145.3m and the group recorded a €3.3m net loss.9
- May 2026Q1 2026 net loss widened to €21.7m on Middle East flight suspensions and a jet-fuel spike.3
- Apr 2026The AGM approved a dividend of €0.90 per share, €81.2m in total.4
- Mar 2026Repaid the €200m 2019 bond loan in full, paying €200.3m including interest.2
- Jan 2026Olympic Air acquired 45% of APELLA, an EASA Part-145 aircraft maintenance company.7
- One operating segment — the route network; no customer above 10% of revenue is disclosed.1
- Net debt including leases was €676.4m at 30 June 2026; excluding leases, net cash was €437.8m.9
- Airbus neo order of 60 aircraft, of which 38 had been delivered by the end of 2025.1,8
- Flights to Israel, Lebanon and Iraq were suspended from 28 February 2026 — markets worth 4% to 5% of activity.1
- Dividend of €0.90 per share for fiscal 2025, paid on 5 May 2026.5
- 1.AEGEAN Annual Report 2025Aegean Airlines S.A. · 12/03/2026official
- 2.Fourth Quarter and Full Year 2025 ResultsAegean Airlines S.A. · 12/03/2026official
- 3.First Quarter 2026 Trading UpdateAegean Airlines S.A. · 19/05/2026official
- 4.Decisions of the Ordinary Shareholders General MeetingAegean Airlines S.A. · 22/04/2026official
- 5.Dividend payment for fiscal year 2025Aegean Airlines S.A. · 23/04/2026official
- 6.AEGEAN AIRLINES S.A. issuer profileEuronext Athensofficial
- 7.AEGEAN announces investment of a 45% stake in APELLAAegean Airlines S.A. · 29/01/2026official
- 8.AEGEAN invests in two new Airbus A321neo XLR aircraftAegean Airlines S.A. · 16/07/2025official
- 9.Interim Financial Report H1 2026Aegean Airlines S.A. / Euronext Athens · 14/09/2026official
- 10.Resignation and replacement of a board member; appointment of CEOEuronext Athens / AEGN · 12/10/2026official
- 11.Michalis Kouveliotis appointed CEO; Gerogiannis continues as advisorEuronext Athens / AEGN · 12/10/2026official
- 12.Appointment of CFO and CCOEuronext Athens / AEGN · 02/10/2026official