Aegean Airlines Ord (AGZNF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your course call operator. Welcome and thank you for joining the Aegean Airlines conference call to present and discuss the first half 2024 financial results. At this time, I would like to turn the conference over to Mr. Kouveliotis Mihalis, Deputy CEO, CFO. Mr. Kouveliotis, you may now proceed. Good afternoon everybody and welcome to our first semester and second quarter call for 2024. Let me first say that I'm with our Deputy CFO and Executive Board Member, Mrs. Stella Dimaraki, and our Investor Relations Manager, Mrs. Amthika Telani. So we all welcome you to our call and we are all here for your questions. Let us get with our initial comments, which are not going to be very detailed. I prefer to keep them relatively short in order to give space and time for Q&A, which I believe is much more efficient for this call. So, Aegean, for one more time, has reported strong performance in the seasonally weak first half of the year in terms of growth in passenger numbers, in revenues, in flight activity, a number of flights, and in terms of developing its investment towards the MRO and the training facility, and of course, in terms of profitability. We are very happy with the performance of the Q2 and the Q1 overall. as both has exceeded very close or been very close to the previous record year. Regarding the passengers and the revenue, I would like to comment that in the first half of the year has carried 7.3 million passengers that represent 9% increase compared to the same period of last year. The growth has been balanced between international passenger traffic recording an increase of 9% which have international passengers have reached 2.6 million. and in parallel domestic passenger traffic, recording an...