Adria Airways anticipates for a successful 2017 after it made headway last year both in terms of revenue and expenditure. Speaking to the daily "Delo", the airline's CEO, Arno Schuster, said, "The operational results for 2016 are currently being audited so I cannot disclose them. However, I can say that we saw progress when compared to 2015 both in terms of expenses and revenues. The first year of restructuring is understandably challenging for both employees and the company itself. Last year was very challenging and our main goal has been to stabilise the company". He added, "Adria's operations are very cyclical - divided between the summer and winter. In the winter we have lower revenue and in the summer it is higher".
Commenting on the year ahead, Mr Schuster said, "We believe in the sustainability of the existing business model and financing through higher revenues, which are mostly generated in the summer. In general, we will focus on two areas of our business - both regular and charter flights. We will generate enough revenue in the high season to secure liquidity throughout the year. This is the plan we are pursuing. We have already increased the number of passengers during the low season. Given the demand we are already seeing on our charter and scheduled flights, we expect a successful year". The CEO noted that the airline is exploring new markets as well. "We are always exploring possibilities for new destinations and new markets. Currently, we are more focused on improving existing services. We have added flights to Amsterdam, Sarajevo, Podgorica and Vienna".
According to Mr Schuster, since the first year of 4K Invest's takeover of Adria, emphasis was put on the restructuring effort, as well as stabilising the business, while this year will be devoted to growth and improvements in service quality. "Of course, the restructuring cannot be completed overnight but we are on the right path", the CEO said. Adria Airways handled 227.588 passengers during the first quarter of this year, an increase of 8.3% compared to the same period in 2016. It anticipates for that growth to continue throughout the year after it boosted frequencies on key routes this summer.