An illustration showing the flag of Greece and an Aegean Airlines plane.
Issue Overview

Greece Lightning: The Aegean Airlines Success Story

Europe

Greece Lightning: The Aegean Airlines Success Story

September 16th, 2024 at 1:00 AM EDT
15 min read

Skift Take

Aegean Airlines has painful memories. In the early 2010s, Greece was in the throes of a great depression, a crisis that nearly forced it out of the euro-zone. The airline, sure enough, suffered three straight years of losses from 2010 to 2012, aggravated by a surge in fuel prices. This week we discover how Aegean not only survived, but thrived under intense macroeconomic pressure.

Issue Overview

Aegean Airlines has painful memories. In the early 2010s, Greece was in the throes of a great depression, a crisis that nearly forced it out of the euro-zone. The airline, sure enough, suffered three straight years of losses from 2010 to 2012, aggravated by a surge in fuel prices. This week we discover how Aegean not only survived, but thrived under intense macroeconomic pressure.

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