Air Serbia registers €9.5 million profit in 2019
NEWS FLASH
Air Serbia recorded a net profit of 9.5 million euros in 2019, marking its sixth year in the black. The company delivered strong results for its charter operations, where the previous record income from 2018 grew last year by an additional 24.2%, to 25.7 million euros. Furthermore, in 2019, income from ancillary services was up 27.5% compared to 2018. The airline carried 2.81 million passengers last year while Available Seat Kilometres (ASK), stood at 4.45 billion, an increase of 428 million compared to the previous year. In 2019, Aviolet, the airline’s dedicated charter brand, run a record 2.286 flights out a total of 33.322 operated the carrier. Air Serbia’s CEO, Duncan Naysmith, said, “Growth of all operating indicators in 2019, including the financial performance of the business, demonstrates that the continuous measures for improvement and optimisation from 2018 yielded positive results. Air Serbia strives to adapt and change for the better and has effectively reacted to take advantage of significant market opportunities, promoted sustainable business practices, and further strengthened its status of a regional leader”. Overall, the airline introduced 23 new destinations to its network in 2019.
| Year | Net profit / loss (million €) |
|---|---|
| 2013 | ▼ 73 |
| 2014 | ▲ 2.7 |
| 2015 | ▲ 3.9 |
| 2016 | ▲ 0.9 |
| 2017 | ▲ 16.0 |
| 2018 | ▲ 12.3 |
| 2019 | ▲ 9.5 |
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