Air Montenegro posts half a million euro loss in Q1
NEWS FLASH
Air Montenegro registered a loss of 458.515 euros during the first quarter of the year. Revenue amounted to 5.3 million euros, up 170% on the same period last year, while expenditures grew 39% to 5.9 million euros. The carrier operated 772 flights and handled just under 55.000 passengers, up 70%. The average cabin load factor during the first three months grew ten points to 60%. “On services between Podgorica and Belgrade, we registered a 23% increase in flights and a 75% increase in passenger numbers, with the cabin load factor growing from 44% last year to 60% in 2023. The number of flights between Tivat and Belgrade grew 8%, while passenger figures increased 48% with the load factor growing from 40% to 60%. On the Tivat - Istanbul route, the load factor increased from 54% to 63%”, Air Montenegro said.
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