Spanish low-cost carrier Volotea is expecting a strong full year, sufficient to limit a planned shareholder funding injection for the company.

Volotea says it is forecasting the “best financial results in its history” for 2025 – including an EBITDA of €190 million ($222 million), up by nearly 30%, and a doubling of operating profit to €70-80 million.

The airline initiated a capital raise last year with the intention of securing up to €100 million over two rounds of funding.

Greek carrier Aegean participated in the first round, with a €25 million contribution, and had indicated plans to take part in the second this year with a similar figure.

Volotea says last year’s round raised €46 million.

Although this year’s follow-up round had originally been envisioned at €50 million, Volotea states that the “positive outlook” has allowed the investment to be “limited” to just €10 million – giving the airline €56 million in total.

Aegean is among the contributors, along with US fund PAR Capital and Volotea’s management team, including founder and chief Carlos Munoz.

Volotea says the performance this year reflects its “flexible and efficient strategy”, strong demand and “solid and reliable operations”.

It is forecasting a 4% rise in full-year revenues to €840 million, based on a capacity hike of 10% in seats offered, with 11.5 million passengers transported.

Munoz says the airline has “leveraged measured growth” to improve profitability margins, and he foresees “strong market dynamics” and “almost endless opportunities” for next year.