Wednesday, February 8, 2017

Air Serbia to post 2016 profit


Air Serbia will post a profit for a third consecutive year, the Chairman of the company's Supervisory Board, Siniša Mali, has said, despite increased pressure on costs caused by the launch of transatlantic flights. Speaking in an interview broadcast on national television, Mr Mali said, "It is still unofficial since the financial results have not been released yet but we turned a profit last year in spite of flights to New York, which was the crowning moment of three years of hard work". Mr Mali did not specify the amount of profit the airline recorded in 2016. Air Serbia’s annual financial statements for the previous year, which are independently audited by KPMG in accordance with International Auditing Standards, are usually published between March and May.

Air Serbia posted a 3.9 million euro net profit in 2015. During 2016 the airline launched long haul flights to New York, which undoubtedly had an impact on its business. While the carrier has been encouraged by better than expected passenger demand and revenue from cargo on the route, it has been indicated that the service would likely generate losses during the first two years of operations. Last week, the carrier conceded that yields on the route have not performed as hoped for, due to less Americans travelling to Europe for fear of terror attacks. During 2016, the airline began paying for a number of services at Belgrade Nikola Tesla Airport, which it had previously been exempt from under a takeover agreement between Etihad Airways and the Serbian government.

Mr Mali said that with the airline continuing to turn a profit, it is also establishing Belgrade Airport as a regional hub. "Air Serbia is the only national airline out of eleven countries in the region to operate nonstop flights to North America. As a result, Air Serbia, Belgrade Airport and the city of Belgrade benefit from this service. If we are able to finalise talks with China, we will have nonstop flights to one or two Chinese cities. Belgrade is becoming a hub in the aviation sector in this part of Europe", Mr Mali noted. During 2016, Air Serbia's passenger numbers rose to some 2.7 million. In a recent statement, the airline's part-owner, Etihad Airways, said, "Etihad is and remains fully committed to Air Serbia and to the strategic partnership with Air Serbia’s majority owner, the Government of Serbia. Since its relaunch, just over three years ago, Serbia’s national airline has been transformed into a profitable, sustainable, and best-in-class, airline”.

140 comments:

  1. I think Air Serbia and Croatia Airlines should jointly hold courses to other companies on creative accounting.

    ReplyDelete
    Replies
    1. Do enlighten us where creative accounting was effected on Air Serbia's books. Or are you like a parrot that regurgitates hater comments that you have absolutely no clue about?

      Delete
    2. Give me access to the books and I will show you the loss.

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    3. yupp, we just need another round of "alternative facts jamboree" where air serbia is profitable.
      my god...

      Delete
    4. Anonymous February 8, 2017 at 9:17 AM

      You said that JU does creative accounting. So your comment proves that you are a copy-hater (with no new facts and regurgitated opinions), since it's a total assumption and you don't have any evidence for it.

      Delete
    5. Anon 09.57

      I wasn't the author of the comment at 09.03. You will have to ask him.her.

      Delete
    6. Oh no worries. The comment is fully applicable to you too.

      Delete
    7. Of course it's creative accounting when they are receiving subsidies from the government which they are not paying back but the government is.

      Just like when a company receives a loan it shows as income while when it pays it back it's considered as an expensve.
      JU gets the money but it is not paying it back.

      Delete
    8. Anon. 10.41
      +1 :D :D

      Delete
    9. If regulatory bodies label Ryan practice on subsidies and Wizz policies of forcing airports into dumping fees as illegal we would talk about Wizz and Ryan 'creative accounting'.

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    10. well, there is a difference that airports can turn down ryan or wizz and those subsidies are not part of any purchase deal. beg didn't have a choice in writing off JU debt as a part of the deal with arabs.

      Delete
    11. Right, because free market is 'forcing people into dumping fees'.

      You don't live in socialist Yugoslavia any more, wake up.

      Delete
  2. Surprising. Did not expect them to have a profit last year.

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  3. Lako je prutu da se sokoli...

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  4. Good. Also apart from growing passenger numbers, their load factor improved quite a lot which is good considering they introduced the A330.

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    Replies
    1. True. LF was 65.5% which is up 5%. Passenger numbers were up almost 14%.

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    2. LF should improve since they cut capacity, and A330 was flying 6m with 3m in summer, and in slump months (oct-dec) it was flying with reduced capacities (3pw)

      now it would be good to see bottom line results with all subsidies included and see how real is the profit.

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    3. Actually capacity increased in 2016 4,7%.

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    4. that means they are getting awfully close to 80%?

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    5. Whar was LF on JU500 and 501 during NOV to JAN period, anyone knows?
      Hvala

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    6. They will probably announce official passanger numbers and LF tomorrow since Etihad announced theirs today and they always do it a day after Etihad.

      Delete
  5. My guess is that they will have a profit just like Serbia had a budget surplus.

    I think it would be better for them to publish real numbers as long as there is a positive pattern. Like this they are just making us feel like idiots.

    ReplyDelete
    Replies
    1. Serbia had a budget deficit #justsayin'

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    2. #sarcasm

      There were many, many announcements that we are going to have a budget surplus which ended up being yet another deficit.

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    3. No one can make you feel like an idiot. You either are or you are not. Let us maintain the dignity of this forum and veer away from conspiracy theories, please.

      Delete
    4. Anon 09.17

      There are no conspiracy theories here. There is a fact that JU is in deep crisis and in the red. It's employees are leaving the company on a daily basis. There is widespread depression among workers as a result of excessive mobing.

      Just look how many high ranking employees quit in recent times.

      It's all because of one man. Everyone knows that. Just like everyone knows that this profit is creative accounting.

      Delete
    5. i know this is completely aviation OT but they always said in Dec 16 there would be a year end deficit, since they just postponed their bills to that date. But yeah ...

      they do have way to many announcements they dont follow through.

      Delete
    6. Anonymous February 8, 2017 at 9:28 AM

      JU is not in the red. They are in the black. Employees are freely associated with JU. No ne forces them into the company and they are free to leave when they want. Mobing is an offence dealt with under the law, so no one is immune from that.

      Now, if you believe in the conspiracy theory that KPMG is some sort of an extension of GoS and does its bidding, then you need to catch a wake up, as it's pretty comical.

      Delete
    7. Yeah because KPMG and others have not played with numbers in the past. You are kidding yourself. Just Google it and you will find more than enough examples of creative accounting.

      As for mobing, you mean that the employees are supposed to have faith in the same courts that are refusing to make a ruling on the Chamber of Commerce tax case because they are afraid of the ruling party? Sure.

      Delete
    8. it is not a conspiracy theory. it is just the matter of how good can you read the financial results. i know how to read them and i know what is the subsidy line and what would the result be without airport writeoffs (tens of mil€ loss).

      second of all, KPMG was the auditor of the failed agrobank, and it didn't lose it's license then on account of its ties with GoS. also, the consulting market is ridiculous in serbia thanks to KPMG. on account of their connections they are getting every possible deal there is on the market, with PM even giving them a free advertisements, like in the case of failed smederevo steel mill tender.

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    9. What about the millions the GoS is going to give to JU in 2017? Could it be that they are using this to cover their loses?

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    10. nope, it is not possible under accounting standards. there were subsidies in 2016, but we have to see in which amount.

      2017 budget subsidies will be used to cover the JU losses in 2017.

      Delete
    11. You have already discredited yourself and your "knowledge to read the figures" by your first comment. It is not a subsidy. Subsidy is a direct payment from the budget to keep the price of a service low. BEG is offering discount, as per its publically available price list, for certain carriers that manage to handle a certain percentage of passengers per annum. JU falls in this category, and is eligible for such a discount, as would be any other carrier that meets the criteria.

      As for KPMG, once I again I beg you to stop dabbling in conspiracy theories. This is not the forum for sensationalist agendas.

      Delete
    12. lol '15-'16 JU didn't pay 1 dinar to BEG, and it was taken as government financing under purchase agreement with arabs. i don't care how you and mali call it, i call it by it's real name.

      Delete
    13. Hvala Vam Anon 9:17 AM,
      za vas veoma pristojan odgovor. Ljudima koji nemajuci izuzev radoznalosti i mnogo puta zluradosti u licnim sumnjama.
      Kako mnogi ljudi se oglasavaju sa imenom i prezimenom "anonimus", tako i informacije nemoraju uvek biti dostupne, ukoliko to zakon dozvoljava. Kao i pravo osobe da ostane anonymous.
      Veoma je krucijalno da ovaj forum ostane pristojan i prijatan u nasim komunikacijama.
      Odan Er Srbiji, Aerodromima Srbije, i ljudima dobre volje.
      Iskreni pozdrav iz Kraljeva.
      Radovan

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    14. @10:30 AM

      I also don't care that you don't care. Once again please stop discrediting yourself with comments that are untrue. JU had been paying full set of airport fees from 28 January 2016.

      Delete
    15. Anon 10:05,

      You and other political activist visiting this blog should spend some time learning the difference between operating profit and net profit (which are both clearly shown in any company's financial statements).

      Once you learn this small but important difference, you may even reduce the chants on creative accounting (which you were never able to prove anyway; instead you rely on repeating it eight million times so that they become a generally accepted truth).

      Delete
    16. what we have here is a fine example of creative semantics.
      they didn't pay the airport tax in amount of 20+mil ffs
      with profit of ~€4mil it is obvious they are unsustainable business

      Delete
    17. They are sustainable for as long as the government supports them. So you can carry on with your creative hate as much as you wish - it is neither illegal or immoral to achieve net profits thanks to non-operating assistance from the majority shareholder.

      Delete
    18. AnonymousFebruary 8, 2017 at 10:20 AM

      The budget for 2017 has special subsidies to companies which are considered of vital importance, JU being one of them.

      So yes, JU does receive direct subsidies from the national budget.

      If you don't believe me go and see it yourself. You can find the budget online

      Delete
    19. Not quite anon 11:32. These budget items are not 'special subsidies' but the amounts of the government guarantees for loans these companies have taken.

      Yes it is state aid (which no one denies) but no it is not a cash subsidy. And there is nothing 'creative' in the accounting and auditing of the financial statements of a state-owned entity that uses the state aid.

      Delete
    20. Mi u AS poslujemo i dalje u plusu i ima da razočaramo one koji nas ovde mrze. Ove godine i pored povećana troškova radi uvođenja interaktivnog Sabre očekuje se povećane ukupne zarade 3-5%. E da oni koji pišu da nam stručni kadar stalno odlazi stvarno nemaju ni malo istine, naprotiv retko da imamo konkurse otvorene za bilo koje pozicije pošto vrlo mali broj napusti kompaniju. U Svetu kompanije naše veličine imaju konstantno otvorene pozicije za letačko osoblje a kod nas to sigurno nije slučaj.

      Delete
    21. Mi u AS poslujemo i dalje u plusu i ima da razočaramo one koji nas ovde mrze. Ove godine i pored povećana troškova radi uvođenja interaktivnog Sabre očekuje se povećane ukupne zarade 3-5%. E da oni koji pišu da nam stručni kadar stalno odlazi stvarno nemaju ni malo istine, naprotiv retko da imamo konkurse otvorene za bilo koje pozicije pošto vrlo mali broj napusti kompaniju. U Svetu kompanije naše veličine imaju konstantno otvorene pozicije za letačko osoblje a kod nas to sigurno nije slučaj.

      Delete
    22. "They are sustainable for as long as the government supports them."

      Quoted for truth.

      Delete
    23. Of course it is truth - and there is nothing bad or immoral in it. An airline business needs a lot of support to survive these days. That support by logic comes primarily from the owner - which in case of JU is Republic of Serbia. The state helps the business it owns, hoping it would eventually turn profitable and sustainable. It is a long-term effort as it's impossible to send a coma patient (Jat) to compete in the Olympics final within a 2-3 year time frame. Year after year, JU will need less and less of state aid and will eventually become self-sustainable. And the state investment will prove itself worthy. That is called positive thinking, as opposed to your (and not just your) hope that everything will fall apart, die, disappear, burn in fire.

      Feel free to quote this too.

      Delete
    24. Of course, because the government is the majority shareholder.
      Like majority shareholders in Wizz support that company.
      We saw with Turkish that a state-owned company can perform far better than private own European legacies. I know it breaks old conventional truths from the 1980s and the 1990s that the private ownership is always superior, but the conventions are there to be broken.
      Serbia always lags behind the developed world about 20-30 years.

      Delete
    25. Anon 1:54 Please note that Turkish plays the game under different rules. Turkey is not part of single aviation market, therefore no foreign carriers are allowed to enter Turkish domestic market. Plus, EU is not recognized as a single body, which means that European carriers can operate to Turkey based on bilateral agreements between Turkey and the AOC granted country. And bilateral agreements usually designate one carrier and allow one or two destinations to be operated. That leaves Turkish Airlines a huge playground without competition (not to mention that all governmental bodies discriminate TK positively).

      Delete
    26. i just cannot believe that in 21st century i read that state-owned companies are run better than the private?

      Delete
    27. Anon. 14.38
      That is because nobody said that "state-owned companies are run better". You are intentionally misrepresenting what other people said to avoid honest argument.
      Btw, TK has competition inside Turkey, unlike anon. 14.26 claims.

      Delete
    28. And TK grew exponentially despite this private competition.

      Delete
    29. The lengths and the convoluted logic people are going to go to defend the state controlled and backed companies while the same govt is controlling the rules of the game at the same time as perfectly normal just because Air Serbia is the case in point is so disappointing. No fair discussion can come out of this..

      Delete
    30. As said, you misrepresenting the discussion. Nobody defends what you said. Read again, and try with honest discussion for once. Start with what people actually said.

      Delete
    31. (17:37 here)

      14:38 is someone else.

      I was referring to the 13:54 comments. Disappointing.

      Delete
    32. Doesn't matter. It applies to you too. You (both?) are misrepresenting what other people said to derail the discussion. Including the comment of anon. 13.54.

      Delete
  6. Congrats. I hope for further positive developments.

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  7. Is this the same Mali that promised a second A330 and JU flights to China?

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    Replies
    1. No that's a different Mr Mali.

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    2. That was Mali from last May. Mali from January this year is telling the truth

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    3. lol @ Budimiren.

      @anon 9:18 although I dislike Mali quite a lot, things in aviation change. They probably did plan to lease a second A330 but their plans changed for who knows what reason. Emirates was vowing it had no plans to fly to EX-YU just a few months ago and now look at the situation.

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    4. i just do not understand why is Mali spokesperson for JU and why are Dane and the JU PR team so absent from niche media such as this?

      ...absent unless they are making some ridiculous videos to support waterpolo team... that one did made me laugh

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    5. HAHAHAHAHHAHA I forgot about that disastrous video. It was so bad that even JU took it down.

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    6. What video are we talking about?

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    7. it is taken off the internet on account how good it was, but this headline describes it perfectly

      you will just have to imagine it :(

      http://www.sportskacentrala.com/?s=read&cat=5&id=158484

      Delete
    8. Somwtimes, the list of wishes of airline management do not materialize. But they do get published. Just look at poor old OU and its idea of regional hubs. Lol. However, it's good to have such ideas in the pipeline.

      As for the video, it really has got nothing to do with the topic of conversation. You are really on a pointless roll today, trying to trash, and it's not working.

      Delete
    9. Of course it's working, that video was a disgrace and it made JU the laughing stock of the entire country

      Delete
    10. I liked the video. But I don't like the way you talk and how disrespectfully you argue with other people.
      Being arrogant is for some unknown reason perceived as a virtue by some people. It's not. It is a serious character flaw that usually hides deep insecurities.

      Delete
    11. i stopped reading after "I liked video". no point

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    12. Well, I know you read it all, but your arrogance does not allow you to admit it. Arrogance - bad personal trait. Don't despair, youcan change it

      Delete
    13. Well the whole country laughed at JU... what does that tell you?

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    14. Whole country? It is super arrogant to claim to speak in the name of the whole country.

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    15. Over 90% of the country, the rest being SNS bureaucrats and party members.

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    16. Can anyone provide a link to that video, or at least a clue where to look for? I'm really curious now.

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    17. So you went and asked all inhabitants of Serbia if they liked the video and 90% responded that they don't.
      Either that or you are not speaking truth blinded by your arrogance.
      I will go with the second option.

      Delete
    18. i literary don't know one person who didn't die of laughter on that video. definitely one of the viral highlights of 2016!

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    19. May that imaginary friends of yours rest in peace :D

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  8. Ant expansion plans for the summer?

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    Replies
    1. * sorry that was meant to say are there any expansion plans for the summer?

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    2. If they don't lease some additional aircraft it will be impossible for them to expand.

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    3. There might be a few surprises soon. Let's wait and see. People were saying last year how there would be nothing new during the summer of 2016 and then they announced 4 new routes.

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    4. Without getting any more planes and the 737 and ATR fleets one year older it will be tough to keep the present schedule.
      Adding more destinations will bring delays on all routes.

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    5. They will start to receive 10 new planes the next year.

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    6. Which will replace the current A320 fleet one for one.
      Nothing has been ordered to replace the 737 and ATR fleets.

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    7. Wait a second. They are replacing a half of that fleet with brand new aircraft and your complain is why are they not replacing the whole fleet? JC!
      I am sure the competition would love to have ASL exposed more financially, like Malev was. We all know what happened there.
      ASL is well aware of the risk.

      Delete
  9. Well it will be interesting to see what sort of profit margins they post and whether they will be lower than 2015.

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  10. I still don't get when Mali is referring to Chinese cities is he talking about Air Serbia starting them or another airline?

    ReplyDelete
    Replies
    1. It won't be ASL but a chinese carrier...

      Delete
  11. I'm happy that Air Serbia keeps on playing the "no loss" game. At the end, many countries in the region benefit these flights and only one country pays the majority of the game's cost :) Hence, I wish JU success and many profitable years! Thanks a lot Mr. Mali.

    ReplyDelete
    Replies
    1. Since you are all smiles, I assume you are from one of the countries "from the region". We from Serbia, aka :( , wish you many profitable years flying on our national carrier, at our expense.

      P.S. Perhaps take some interest in your failing national carrier too, so you don't have to fly with our "no loss" carrier, and rob our poor people of their hardly earned dinars. lol

      Delete
  12. Good news from ASL. This should not be surprising.
    1. They cut costs at the beginning of 2016 significantly and improved loads.
    2. They trimmed promotional prices substantially and increased prices, particularly on the routes where they have virtual monopoly and great loads, such as LHR, CDG, ZHR or AMS.
    3. They had an extra airplane from JP for three high-season summer months for which they paid nothing (old JP debt to JU).
    4. Thanks to JFK flights, they improved the loads on regional lines.
    5. Oil continued to be low.
    6. They avoided being too adventurous, by taking the second a330.

    On the minus side, they started to pay airport costs, although at discounted rate, and had to invest a lot in JFK flights, but with better loads than expected during summer and only for little more than six months.

    So I would say that the announcement of another profitable year makes sense.
    It is hard to see it if you are blinded by prejudices that everything in Serbia is bad, bad, bad and that the low point of the 1990s is a default situation. It is also difficult to see it if you are blinded by party politics. JU is owned by the Republic of Serbia, not by politicians or by parties. It is stupid to destroy JU to prove a partisan point.

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    Replies
    1. +1 finally a normal comment here with some facts

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  13. Congratulations JU!

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  14. No way!!! I don't trust this guy anything! Profit? 1€?

    #sarcasm, chill out ;)

    ReplyDelete
    Replies
    1. Btw, congrats Air Serbia! (I was just acting like most of guys did here few weeks ago)

      Delete
  15. ANyone have information from OT PRN January 2017

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  16. So are they going to become a hybrid low cost airline because of the great results under the current boutique model?

    ReplyDelete
    Replies
    1. wondering how much has that boutique adventure costed?
      -Lounge?
      -Wifi?
      -lost money to inadequate seat density in J class

      Delete
  17. wondering how much has that boutique adventure costed?
    -Lounge?
    -Wifi?
    -lost money to inadequate seat density in J class

    ReplyDelete
  18. Anyone to give an estimate on 2016 savings JU made being abolished of paying any taxes on fuel?

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    Replies
    1. seriously? they didn't pay excise tax? what the hell? government also absorbed this?

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    2. Of course they paid the duties and taxes on fuel. No need to take every political activism on this blog seriously.

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    3. JU is exempt of paying excise tax on fuel.

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    4. Hilarious. ^^

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    5. You know what is really hilarious. Guy talking with himself and trying to present that as a discussion.

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    6. But GSP Beograd is paying them, that is a shame.

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    7. JU is not exempt of fuel taxes. According to the agreement with Etihad, JU receives a 50% discount to the into-plane differential - something much different from excise taxes. But that is just another difference the hater brigade is not aware of, does not care about, and is simply too arrogant to learn.

      Delete
    8. That's nine cents per liter, i.e. roughly over 10 million euro per year. Nice contribution of the Serbian taxpayers to JU.

      Delete
    9. Another one in the line of hidden discounts for Air Serbia not available to anyone else. Fantastic.

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    10. The discount is not hidden, it is clearly stated in the agreement.

      And it comes from Gazprom NIS which happens to be privately owned.

      So you can both spare us your bitter conspiracy theories and fake concern over Serbian taxpayers.

      Delete
    11. yupp and this privately owned company would forfeit profit just like that. nice deal JU. wondering if this also goes into oxford economics impact report?

      btw, that private company is 56% russian government, 29% serbian government, with the rest of the shares in free float.

      Delete
    12. GoS signed the agreement with Etihad. How is that related to Gazprom NIS? Is GoS able to act on behalf of a Russian majority company?

      Delete
    13. if the government lowered the excise duty on jet fuel then there is a problem. if the government did something else to compensate NIS then there is a problem.
      surely it wasn't "hey, could you halve your margins? Why sure GoS let's just forget about those millions"

      Delete
    14. Goodness, read the contract it's all there. It says GoS will use its minority vote in NIS to push for this 50% discount. And yes, NIS agreed and approved it. Any other conspiracies that need to be debunked today?

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    15. Wait, is it given by NIS, which is owned mostly by Russian taxpayers or directly Serbian government?

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    16. yes, the discount happen. something was given in return. i dont know what but some discount in excise duty might be one of the options.

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    17. Anon 12:14,

      The discount has been given by NIS as a business entity. Please stop this taxpayer melodrama.

      They did not have any reason to reject the request. They gave a big discount but on the income side they collected their debts from Jat and now they sell twice as much fuel to Air Serbia - and that fuel is paid for. So it was a perfectly rational decision to discount the into-plane differential upon request.

      Delete
    18. So, selling twice as much fuel with same profit is according to you "perfectly rational decision". Problem of this blog is huge interference of JU communication department, posting as Anon. Whenever you defend JU and its controversial business, you should identify yourself. Defending JU with flat sentences, without arguments, doesn't help discussion at this forum where professionals gather. JU communication department deeply underestimates the knowledge of people participating in this forum.

      Delete
    19. If there is a problem on this blog, that would be hyperactive political activists (such as last Anon) who label as "JU communication department" anyone who dares to oppose or debunk their conspiracy theories. In a civilized world, such malicious attacks are instantly penalized by the removal of the post and/or permanent ban from the forum. Unfortunately the concept of accountability is virtually non existing in Serbia, therefore violent political activists and other bullies have carte blanche to do whatever they wish on the internet. Good for them, bad for Serbia's progress on the civilization ladder.

      Delete
  19. What is happening to the ATR fleet? The morning wave, supposed to be operated by the ATRs looked like this:

    JU 610 Prague 06:45 06:45 C2 ATR 72
    JU 170 Podgorica 07:00 07:00 A1 Boeing 737-300
    JU 600 Vienna 07:00 07:00 A2 Boeing 737-300
    JU 190 Ljubljana 07:15 07:15 C6 Boeing 737-300
    JU 230 Zagreb 07:35 07:35 C7 ATR 72

    ReplyDelete
    Replies
    1. They are undergoing maintenance. The important thingis that all flights operated normally. I would be very happy to get a 737 instead of an ATR.

      Delete
    2. Samo ne volim kad 737 umesto a319 leti, a nazalost i to se desava.
      Provalio sam da kada u rezervacionom sistemu stoji a320 na letovima na kojima inace ne leti, redovno salju b737. Npr DUS, CPH, TXL... Na tim letovima u rezervacionom sistemu stoji a320 po nekad, ali tim danima leti b737, to znaci da se to radi planirano.

      Delete
    3. JU1000 je odleteo negde pre podne, Atr 72-200...

      Delete
  20. What about BEG - PEK flights?

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  21. Audited by KPMG? LOL. There was a huge scandal in Germany involving KPMG. The local government of Rhineland-Palatinate inteded to sell deficitary Hahn Airport to a "Chinese Consortium". KPMG was the one to prepare the deal. For months huge investments were promised (of course before the election). But the chinese always appeared with one manager only or sometimes nobody came to the foto shoot. The whole story was then blown by a journalist who flew to China to check about the chinese and found out that the "big consortium" was a tiny company in a rotten commie block with 2 or 3 employees trading with plastic cups and similar. So, KPMG was blamed by the government and they blew the contract in the end, producing a huge scandal about the competence of KPMG........the local government was lucky that the story developed after the election and they appointed now another company with the job!

    ReplyDelete
    Replies
    1. Like all companies, it is made of people and people sometimes make mistakes. In other 99.9% cases, they don't.

      It is, however, desperate to claim that it somehow makes mistakes years in a row just with ASL. KPMG is one of four big global auditors.

      For political activists: Dinkic brought Etihad to JAT, not the progressive party.

      Delete
    2. mhm, SNS just embraced it, nurtured it, put its people to run the company and are using it as a PR tool and making taxpayers pay for that JFK-BEG route that is actually a vučić advertisement.
      yupp, you're totaly right!

      Delete
    3. Like they did with every other institution. Does it mean that it is necessary to destroy everything, including national airline, to prove a point. They would not care once they are out of power.

      Delete
    4. It's Dinkic who brought Etihad, but president Nikolic and his associates. They proposed Kondić for GM position, after the recommendation of Australian bishop of Serbian orthodox church

      Delete
  22. OT
    Podgorica Jan2016: 41165 pax
    Jan2017: 50799 pax

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    Replies
    1. Wow thats an increase of over 20%! It seems January has been good for every airprot in Ex Yu.

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  23. Svakako je odlicno sto je ASL opet ostvarila profit.
    Naravno bi profit bio jos veci da je uzet jos jedan A332 sto bi znacilo jos vise za BEG.
    INN-NS

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    Replies
    1. I mislim da bi se trebalo ugledati na neke evropske kompanije koje su uvodjenjem RJ flote obnovili skoro celu uskotrupnu i sirokotrupnu flotu sto bi bilo odlicno za ASL.
      INN-NS

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    2. Je... uvođenje još jedno A330 bi svakako povečalo profit kompanije. Jer ako dva aviona čuče nezaposleno veći deo sedmice zimi i proljeća to će stvarno da povećava profit.

      Kako to INN da tvoj životni uzor Kondić sad ne zna posao radit. Mislim da treba da ga se smeni i tebe da se postavi na mesto CEO da im sa ovako savršenim idejama pokažeš kako se radi profitabilnost

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  24. kakv crni još jedan a332 kada ni sa ovim ne znaju šta će

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