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    AEGN   GRS495003006

AEGEAN AIRLINES S.A.

(AEGN)
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Aegean Airlines S A : and Volotea sign code-share agreement to offer more direct route options as travel restarts

07/08/2021 | 01:14pm EST
AEGEAN and Volotea have signed a bilateral agreement to offer increased travel options to their customers. Following their agreement, a total of 100 international routes to Greece flown by the two companies will be codeshared and will be now also offered through each other's website and distribution systems. The 100 city-pairs they have agreed to commercialize are from/to various Italy, France, Spain destinations such as Venice, Verona, Naples, Genova, Lyon, Bordeaux, Marseille, Madrid, Barcelona, e.tc and Athens, Heraklion, Corfu, Mykonos, Zakynthos, Rhodes, e.tc destinations and thus allowing customers of each company to benefit from an expanded destinations network.

'As leisure travel gradually returns, we are pleased to initiate this new cooperation with Volotea. The codeshare agreement will provide both our passengers significant additional number of direct flight options between the Greek islands and mainland and Italy, France and Spain both through our website and travel agents. We remain firmly committed to health-safe travel, to constantly improving our service offering and to keep accelerating our network and options for our customers by collaborating with reliable and fast-growing partners' said Dimitris Gerogiannis, CEO of AEGEAN.

'We are extremely happy to launch this partnership with AEGEAN, a much respected European independent airline that we share a lot of values with, in terms of high operational integrity, customer experience and price competitiveness. We selected routes that we believe our clients will be very interested in, and have been able to put together a very important number of destinations, which will cater for the increased offer of this summer. This agreement will offer both Volotea and AEGEAN a considerable growth opportunity since all the routes selected have no overlap.' said Carlos Muñoz, Founder and CEO of Volotea.

AEGEAN already maintains a significant number of code-share agreements with the biggest airlines in the world to offer its passengers a greater set of options and flexibility when it comes to travel scheduling. With more than 20 codeshare partners, primarily with Star Alliance but also with other airlines in Canada, the Balkans region and the Gulf, AEGEAN provides additional reach to 13 countries and a larger network worldwide, offering destinations to all around Europe, to Egypt, Ethiopia and South Africa, the Middle East and the Arabian peninsula, to Singapore, to Australia and Canada.

Disclaimer

Aegean Airlines SA published this content on 07 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:25:02 UTC.


ę Publicnow 2021
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Financials
Sales 2021 650 M 724 M 724 M
Net income 2021 60,0 M 66,8 M 66,8 M
Net Debt 2021 282 M 314 M 314 M
P/E ratio 2021 13,9x
Yield 2021 -
Capitalization 487 M 543 M 542 M
EV / Sales 2021 1,18x
EV / Sales 2022 0,91x
Nbr of Employees 2 699
Free-Float 38,0%
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Number of Analysts 5
Last Close Price 5,40 €
Average target price 6,95 €
Spread / Average Target 28,7%
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Managers and Directors
Dimitrios Christodoulou Gerogiannis CEO, Executive Director & Managing Director
Michael Kouveliotis Chief Financial Officer
Eftichios Theodorou Vassilakis Executive Chairman
Konstantinos Alexandrou Kalamatas Independent Non-Executive Director
Natalia Nikolaidis Independent Non-Executive Director
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