Aegean Airlines Ord (AGZNF) Q4 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 full year 2024 financial results. All participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Mr. Leftichios Vasilakis, Chairman of the Board of Directors. Mr. Vasilakis, you may now proceed. Yes, thank you very much. Welcome, everybody, to the presentation of the results for 2024. Let me first say that I have Mr. Kouveliotis, our CFO and Deputy CEO, with us, also Stella Di Maracchi, our Deputy CFO, and Anthony Cattelani, our Investor Relations Director, with us. So we're all here for your questions. Let me start by saying that 24 has been another strong and successful year for AGM, actually concluded by probably our most successful fourth quarter. As you know, fourth quarter is typically a week one for anybody involved in the airline business, but particularly for Greek airlines since most of our demand, strong demand is in the summer. Nevertheless, this quarter, the last quarter of 24, was definitely the strongest quarter of the year by relation to the previous year and the quarters before that. We had a 10 percent increase of revenue with only a 4 percent increase of activity in terms of ASK, and this has brought up our operating profitability by circa 30 million higher than the year before. negative 6 million of EBIT to positive 27 million for the quarter. So both in terms of operating profitability an...