Aegean Airlines

Greeking Out a Living: Can Aegean Airlines continue thriving despite the woes of its embattled home nation?

Aegean Airlines

Greeking Out a Living: Can Aegean Airlines continue thriving despite the woes of its embattled home nation?

April 2016
1 min read
Seth Kaplan

Issue Overview

In 2015, Greece suffered yet another drop in GDP, shrinking this time by about 2%. This means the Greek economy today is more than 25% smaller than it was in 2008, a great depression if there ever was one. But the country’s airline? Defying logic, 2015 was somehow the third straight year of profits for Aegean Airlines—strong profits, in fact, despite flying from what’s arguably the developed world’s most troubled economy. Aegean remains a winner against all odds.