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CAPA - Centre for Aviation

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Greece leads Europe's airline recovery as LCCs take share from Aegean group

Greece's capacity recovery from the COVID-19 crisis has outpaced the recovery in Europe as a whole.

In the week of 13-Jun-2022, Greece has 112% of its 2019 capacity levels, compared with a European average of 86%. Greece is at a higher percentage than any other top 10 European country by seats.

However, the leading Greek operator – Aegean Airlines Group – has taken a slightly more cautious approach, reaching 95%.

The number two operator, Ryanair Group, is at 131% in Greece, and low cost airlines are at 148% in aggregate.

Aegean's fleet plan indicates a 2026 fleet at the same size as in 2021.

Meanwhile, LCCs are likely to continue to grow and to take seat share away from Aegean.

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