Aegean Airlines (Aegean Airlines) Gross Margin % : 16.13% (As of Dec. 2023)

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What is Aegean Airlines Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Aegean Airlines's Gross Profit for the six months ended in Dec. 2023 was $179 Mil. Aegean Airlines's Revenue for the six months ended in Dec. 2023 was $1,107 Mil. Therefore, Aegean Airlines's Gross Margin % for the quarter that ended in Dec. 2023 was 16.13%.

The historical rank and industry rank for Aegean Airlines's Gross Margin % or its related term are showing as below:

AGZNF' s Gross Margin % Range Over the Past 10 Years
Min: -55.06 Med: 7.71 Max: 12.82
Current: 12.82

During the past 13 years, the highest Gross Margin % of Aegean Airlines was 12.82%. The lowest was -55.06%. And the median was 7.71%.

AGZNF's Gross Margin % is ranked worse than
70.36% of 948 companies
in the Transportation industry
Industry Median: 20.1 vs AGZNF: 12.82

Aegean Airlines had a gross margin of 16.13% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Aegean Airlines was 0.00% per year.

Aegean Airlines Gross Margin % Historical Data

The historical data trend for Aegean Airlines's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aegean Airlines Gross Margin % Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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8.03

-55.06

-11.07

7.75

12.82

Aegean Airlines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															0.88	-8.20	15.80	7.86	16.13

Competitive Comparison of Aegean Airlines's Gross Margin %

For the Airlines subindustry, Aegean Airlines's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aegean Airlines's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Aegean Airlines's Gross Margin % falls into.

Aegean Airlines Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Aegean Airlines's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	236.7	/	1846.378
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1846.378 - 1609.639)	/	1846.378
	=	12.82 %

Aegean Airlines's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	178.6	/	1106.883
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1106.883 - 928.3)	/	1106.883
	=	16.13 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Aegean Airlines (OTCPK:AGZNF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Aegean Airlines had a gross margin of 16.13% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Aegean Airlines Gross Margin % Related Terms

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Aegean Airlines (Aegean Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (OTCPK:AGZNF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.