Air Europa closes 2025 with turnover of more than €3.1 billion and consolidates its long-term project by focusing on efficiency and operational excellence

• The airline, which achieved positive EBITDA of more than €235 million, consolidates its strategy to continue expanding its activity.
• Air Europa carried more than 12.5 million passengers, reaching a load factor of almost 85%.
• The new +Air 28 Plan will enable a new management structure focused on operational efficiency, profitability, and data-driven execution discipline.
• The company is activating CORE, its new global efficiency and competitiveness programme, and creating a Strategy, Transformation and Procurement area to ensure results and the achievement of the established objectives.
• The activation of the Air Europa ON plan will be key throughout 2026 and will make it possible to continue raising the quality and excellence of customer service, both on board and on the ground.

Madrid, 8 July 2026.- In 2025, Air Europa confirmed the forecasts pointing to another historic year for the company at every level. The audited figures for Air Europa Holding and subsidiaries show turnover of €3.146 billion —7.3% more than in 2024— and EBITDA of more than €235 million. Over the course of the last financial year, the company once again improved its results, both financially and operationally, completing the repayment of all outstanding loans ahead of schedule and accelerating its expansion process through fleet growth, increased frequencies on some of its main routes, and the opening of new destinations. With activity and growth now recovered across all areas, the company has presented its +Air 28 Plan, made up of a series of far-reaching projects that will raise the overall efficiency of the business, achieve operational excellence and consolidate recurring profitability.

The outlook for 2026 makes it possible to remain optimistic about activity and, in particular, about the expansionary trend throughout the year. In the first four months alone, operating revenue reached €887 million, exceeding the figure achieved in the first four months of the previous year by 9.2%. Despite global instability surrounding the fuel market, forecasts point to another positive year underpinned by sustained demand and, above all, by the success of the management strategy, which has enabled the company to adapt to changes in the sector in an agile and efficient way.

“The results achieved in 2025 and the strong start recorded show that there is nothing casual about the successes of recent years, but rather the methodical work of all the people who are part of Air Europa to take a project that now marks 40 years of service to its highest level,” says Juan José Hidalgo, President of Air Europa. “The continuous expansion and renewal of our fleet, together with structural improvements and operational efficiency, are the pillars on which we will continue to grow and demonstrate the strategic role we play, especially in Europe and Latin America,” he adds.

Expanding business
Demand performance during 2025 and the arrival of new aircraft for both the long-haul fleet and the short- and medium-haul fleet, to which Boeing 737 MAX units continue to be added, made it possible last year to expand the offer, consolidate activity and continue accelerating the opening of new routes. As a result, EBITDA stood above €235 million, more than 14% higher than the previous year. Profit before tax also exceeded €154 million, representing a 33% increase compared with 2024.

The agreement reached at the end of last year with Airbus for the incorporation of up to 40 A350-900 aircraft, together with compliance with the delivery schedule for new Boeing 737 MAX aircraft, is also helping to ensure long-term growth.

“The 2025 results are, once again, the outcome of the joint collaboration of all the professionals at this company. This effort does not stop, and it is the key to continuing our international expansion, as reflected in the opening of new routes, both domestic and international,” says Richard Clark, CEO of Air Europa.

Offer increase
Regarding its commercial offer, in 2025 the airline once again increased not only its seat capacity, but also the number of passengers carried and its load factor. Over the course of last year, the airline placed more than 14.7 million seats on sale and carried more than 12.5 million passengers, 2.6% more than in 2024.

The consolidation of operational efficiency is also worth highlighting. In addition to optimising all flights with an average load factor of 84,8%, higher than that achieved in the previous twelve months, the figures show excellent results in two of the most significant parameters for an airline. Air Europa improved its available seat kilometres (ASK) by 3.5% and its revenue passenger kilometres (RPK) by 4.8%. The first of these figures reflects the total capacity offered, while the second measures the true impact of demand, both of which are key indicators of overall efficiency.

In addition, the workforce increased once again to more than 4,500 employees, representing a 3.5% rise compared with 2024. This confirms both the consolidation of the business and the ongoing expansion of the offer, based on the highest standards of customer care and proximity.

Outlook for 2026
The rapid changes that continue to take place in the global transport industry have not hindered Air Europa’s progress. The year-on-year increase in turnover compared with the same period of the previous year resulted, in the first four months of 2026, in positive EBITDA of more than €23 million. With an offer of close to 4.7 million seats, the number of passengers exceeded 3.8 million, in line with the figures recorded the previous year.

The increase in frequencies to continental and American destinations, together with the launch of new routes in Spain (Oviedo and Seville), the rest of Europe (Geneva), and Africa, including Johannesburg, is helping to increase not only the available capacity, but also the number of passengers throughout the year.

Global focus on operational excellence
From this year, Air Europa is starting to implement its new +Air 28 Plan, which will involve a major structural and operational transformation over the next two years. Following the achievement of the objectives set in previous years, which have enabled the business to recover both in terms of turnover and air activity, the company will undertake a far-reaching process of change towards an organisation based on the customer, profitability, the development of more robust processes, efficient execution, and the strengthening of a management culture supported by data analysis to optimise decision-making.

The new plan will make it possible to turn efficiency into a structural aspect, establishing a lighter and more cross-cutting model in which collaboration and execution discipline will drive results on a recurring basis. In short, a new management model focused on operational excellence will be established to continue growing.

The first lever of this strategic focus was the launch, in the second quarter of the year, of Air Europa ON, an ambitious initiative through which the airline is driving new advances to continue raising service excellence, as well as passenger satisfaction at every point of contact with the company. This plan is structured around three areas of action: the first, On-Board, covers a major renewal and improvement of cabin services. The second, On-Ground, includes measures to be implemented at airports, especially Madrid-Barajas, which will also have a positive impact on flight punctuality. Finally, On-Airplane includes the roll-out of initiatives that will contribute to excellence in fleet maintenance.

In addition, CORE is being launched, a global efficiency and competitiveness programme whose purpose is to consolidate Air Europa as a benchmark airline between Europe and the Americas, turning efficiency into a sustainable cultural standard over time.

The company is also activating a new Strategy, Transformation and Procurement area, whose goal will be to convert the strategic aspects of the Plan into quantifiable results. To this end, it is launching a new initiative, Strategic Reset, which will make it possible to steer the organisation towards improving current profitability through performance governance based on cross-cutting KPIs.

Another of the main new features of the +Air 28 Plan is the creation of Air Europa Technics, a new brand that brings together all activities related to aircraft maintenance. Air Europa Technics will continue to provide the highest-quality services both to Air Europa itself and to third-party operators, while promoting sustained growth and adapting its capabilities for the future incorporation of the first Airbus A350-900 aircraft. The training area will also receive a significant boost through the renewal of the existing centre in Palma de Mallorca and the creation of a new one in Madrid.

Sustainability, service, and excellence in Business Class
Throughout this year, Air Europa will continue to develop its service proposition on the pillars of operational efficiency and the development of the highest standards of customer care. Regarding sustainability, fleet renewal will lead to a further reduction in fuel consumption and emissions, as already confirmed by the recent award of the Gold certificate by consultancy Cirium, which distinguishes the airline as one of the four most efficient companies in the world.

About on-board service, the company continues to improve every aspect of its relationship with passengers, both on the ground and on board. This is demonstrated by AirlineRatings.com’s recognition this year of Air Europa as the only airline on the continent to hold Seven Stars PLUS safety certification. This endorses the consistency and effectiveness of the measures adopted on all flights to provide passengers with a service of unparalleled quality and reliability. This is complemented by the collaboration with MedAire to equip all aircraft with specialised medical assistance during the flight. Indeed, the company will soon be a pioneer in incorporating lightweight clinical-grade equipment to perform electrocardiograms in the air quickly and efficiently.

An example of this drive towards service excellence is the company’s renowned Business Class. Alongside new features included in the Air Europa ON programme, such as a new drinks menu, renewed amenities and more personalised service, it has introduced major developments this year, most notably chef Mario Sandoval’s signature on the menus for medium-haul flights in Europe.