The national airline, Air Montenegro, achieved a positive financial result in the previous fiscal year, recording a net profit of two million euros. This result is particularly significant given the numerous challenges facing the global aviation industry, including rising jet fuel prices and inflation.
Key Performance Indicators
The company's official financial report highlighted the following growth parameters:
- Passenger numbers: Over 400,000 passengers were transported, representing a 30% growth compared to the previous year.
- Number of flights: Over 5,000 flights were operated to regular and charter destinations.
- Cabin Load Factor: The average flight occupancy rose to 75%, with peaks of over 90% during the summer season.
Optimization and Expansion
The increase in revenue is a result of smart flight schedule optimization, more efficient cost management, and the introduction of new, profitable routes. The company succeeded in attracting a large number of tourists from Western European source markets while maintaining strong regional connections.
"This result gives us the momentum to continue investing in fleet expansion and opening new markets. Our goal is for Air Montenegro to be a self-sustainable and profitable brand that the country can be proud of," the statement concludes.
