Aegean to grow regional network

The carrier is looking to restore up to 80% of its pre-COVID network in the third quarter.

Aegean Airlines is planning “strengthen its capacity in its regional bases” as it seeks to restore up to 80% of its pre-COVID network in the third quarter.

The Greek flag-carrier expects to grow its regional presence alongside its main hub in Athens as conditions improve in the “volatile market,” said CEO Dimitris Gerogiannis.

Currently Aegean has 2.2 million available departure seats scheduled for the third quarter of 2021, up from 766,635 in the second quarter, data from OAG Schedules Analyser show.

Some 763,822 of the available Q3 seats will depart from Athens (ATH), ahead of Irakleion (HER) (137,599) and Thessaloniki (SKG) (124,526).

“From June 2021, following the partial lifting of the restrictions and the initiation of the touristic season, leisure traffic is showing gradual signs of recovery,” said Gerogiannis.

“However, the course of the pandemic and its containment through the expected accelerated vaccinations pace, will play a vital role in the demand trend and the results during the second half of the year.”

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For the first three months of 2021 Aegean and Olympic Air reported a 78% reduction in total passengers year-on-year, down to 460,000 from 2.1 million in 2020 and 2.5 million in 2019.

Load factors (RPK/ASK) also fell by 28.5% to 47.5%, down from 76% in 2020 and 82.3% in 2019. 

The airline recently signed a codeshare agreement with Volotea covering 100 city pairs, mainly in Greece, Italy, France and Spain.

Aegean’s top 10 routes (July 2021)

ATH-CDG

41,144  

ATH-LHR

26,280  

ATH-TLV

22,980  

ATH-MXP

22,824  

ATH-BRU

 19,155  

ATH-FCO

17,754  

MUC-SKG

17,052  

ATH-MUC

14,268  

ATH-OTP

13,836  

ATH-ZRH

12,420  

All data provided by OAG Schedules Analyser

Photo credit: Rob Finlayson