The Serbian carrier recently indicated it remains on track for another profitable year. “At the moment, we are on par with last year’s profitability, which was a record in terms of earnings. However, it is important to note that costs continue to rise, so our ability to remain flexible and adapt to market conditions is a key driver of our success”, Air Serbia’s CEO, Jiri Marek, said. He added, “All of our KPIs (Key Performance Indicators) are showing strong year-on-year performance, and what is especially important is that those with a direct economic impact are improving the most. For example, passenger numbers are growing faster than seat capacity, which is driving a notable increase in load factor. Overall, all our key metrics are moving in the right direction, and we are very pleased with the results”.

Air Montenegro has also expressed confidence in its financial performance. The carrier’s CEO, Vuk Stojanović, noted, “The financial result for the first ten months stands at around three million euros. This is a preliminary figure which will likely improve further once the final review and checks are completed”. He added, “These results confirm the passenger trust in us and motivate us to continue improving service and developing our airline. It was in June four years ago that our first regular commercial flight took off on the Podgorica – Belgrade route. Today, four years later, we look back with gratitude and pride at what we have achieved”.

In 2024, Air Serbia registered a record profit of 41.3 million euros, up from 40.5 million the previous year. Additionally, the airline’s total annual revenue in 2024 exceeded 700.3 million euros for the first time. Air Montenegro registered a net profit of 540.000 euros in 2024, down from 3.4 million in 2023. The airline’s revenue totalled 62.8 million euros.



Source link

Scroll to Top