The year 2024 is proving to be a historic year for Air Europa Holdings with a sales surpassing 2.9 billion euros, an increase of 6.3% compared to 2023. The success of this expansion is explained by a increased available capacity and a expanded offering. Thanks to a capital increase Including 65 million euros underwritten by Globalia and a 16 million euro contribution from IAG, the company remains financially sound. In 2024, Air Europa carried more than 12 million passengersThis was a significant growth in the European and Spanish air markets.
The year 2024 will be forever etched in the annals ofAir Europa Holdings and its subsidiaries thanks to a remarkable economic performance. The airline announced that it had generated sales exceeding 2.9 billion eurosThis represents a significant increase of 6.3 % over the previous year.
An ambitious growth strategy
To achieve such success, Air Europa has opted for a bold strategy focused on theincreased available capacity and the expansion of its offer. This ambitious vision has enabled the company to improve its competitiveness in an increasingly demanding aviation market. Thanks to its ongoing efforts, the company expects this year's growth continue through 2025.
A decisive capital increase
In 2024, an increase of capital of 81 million euros has also contributed to Air Europa's financial strength. The parent company, Globalia65 million, while a further 16 million was contributed by the IAG group, which retains 20 % of the company's capital. This capital injection gave Air Europa the stability it needed to close the year on a positive note.
Strong growth in passenger traffic
In parallel with its robust financial performance, Air Europa managed to carry more than 12 million passengers in 2024, an increase of 4.4 % compared with 2023. This performance is largely attributable to demand in the Spanish and European domestic markets, especially on long-haul routes, where Air Europa has attracted over 3.2 million passengers.
A constantly changing competitive environment
In spite of its prowess, Air Europa operates in a environment competitive landscape. Indeed, industry giants such as Air France-KLM are vying for new market share. By 2023, Air France-KLM was already posting sales growth of 18 1TP4Q, reaching 2.76 billion euros. With these new figures, air transport is set for an era of major restructuring, as foreshadowed by a tourism sector analysis.
The impact of the results on the aeronautics industry
Air Europa's financial results for 2024 are in line with those of other industry players. By way of comparison, the IAG Group posted an operating profit of €3.5 billion in 2023, up sharply on the previous year. Other companies such as Air Canada and Airbus have met with varying fortunes, illustrating the importance of individual strategies in this rapidly changing market.
Comparison of Air Europa's Key Indicators in 2023 and 2024
| Indicator | 2023 | 2024 |
| Sales figures | 2.76 billion euros | Over 2.9 billion euros |
| Sales growth | 18% | 6,3% |
| Passengers carried | 11.5 million | Over 12 million |
| Domestic and European market | Not specified | 3.2 million passengers |
| Capital increase | Not relevant | 81 million euros |
| Globalia's contribution | Not relevant | 65 million euros |
| IAG shareholding | Not relevant | 20% capital |
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