|Oxford Economics buoyant on Air Serbia's future|
Air Serbia is projected to handle 2.5 million passengers in 2015, up from the 2.3 million travellers welcomed on board its aircraft last year. These figures are based on the latest independent report by Oxford Economics, which further states the airline will make a core contribution of 211 million USD to the Serbian economy in 2015 and support 8.700 jobs. The study projects that the airline’s direct expenditure on its day-to-day operations and its strong supply chain in Serbia will generate $190 million USD for the national economy this year. Last week, the Serbian Ministry of Finance said the carrier was the tenth biggest exporter in the country during the first seven months of the year, with its exports at 78.2 million euros.
Air Serbia's CEO, Dane Kondić, said, "This study is a clear testament to how Air Serbia, as a commercially-effective and profitable airline, is making a significant impact on Serbia’s economic development, and contributing to other industries as a facilitator for economic activity. We are pleased to see that projections indicate continued growth in the years to come, both in terms of tourism and global connectivity, and that we will be increasingly able to build on one of Air Serbia's main objectives - to be a key catalyst of economic growth in Serbia". The Serbian carrier reported a net profit of 2.7 million euros and 262 million euros worth of revenue in 2014, while its two-millionth passenger was welcomed on October 31.
The Chairman of Air Serbia's Supervisory Board, Siniša Mali, says the airline will continue to expand its destination network and fleet. "Through this strategic partnership we demonstrated that, from a loss making airline, it is possible to create a profitable company that is no longer a liability to the state budget. It is important that we continue moving in the same direction, to enhance Air Serbia's fleet, to launch new destinations, as in doing so we will also strengthen the Serbian industry and economy", Mr Mali says. In 2015, Air Serbia’s contribution to passenger and cargo connectivity is expected to boost Serbian productivity by $690 million USD. This is equivalent to nearly 32.000 jobs and equates to almost 2% of the national GDP, the airline says.