
Aegean Airlines carries most of Greece's scheduled traffic and runs a heavily seasonal network, adding dozens of summer routes from Northern Europe to Crete, Rhodes, Santorini and other islands before shrinking again in winter. Its Olympic Air subsidiary handles regional turboprop services, which keeps small islands connected but means your flight may be operated by a different company from the one printed on your ticket.
As a Greek EU carrier, Aegean is bound by EC 261/2004 on all departures from EU airports and all arrivals into the EU. Most Greek domestic sectors and Greece-to-Europe routes are under 1,500 km or intra-EU, which puts compensation at €250 or €400 rather than in the €600 top band.
If your delayed or cancelled flight was operated by Olympic Air, the claim is against Olympic as the operating carrier even though you bought an A3 ticket, so check the aircraft type and flight details on your boarding pass. At the summer peak Aegean often cannot rebook you for a day or more on island routes, and that is exactly when your right to a hotel, meals and transfers applies, along with a full refund if you no longer want to travel. Keep every receipt.

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