Air Serbia registers €9.5 million profit in 2019

NEWS FLASH


Air Serbia recorded a net profit of 9.5 million euros in 2019, marking its sixth year in the black. The company delivered strong results for its charter operations, where the previous record income from 2018 grew last year by an additional 24.2%, to 25.7 million euros. Furthermore, in 2019, income from ancillary services was up 27.5% compared to 2018. The airline carried 2.81 million passengers last year while Available Seat Kilometres (ASK), stood at 4.45 billion, an increase of 428 million compared to the previous year. In 2019, Aviolet, the airline’s dedicated charter brand, run a record 2.286 flights out a total of 33.322 operated the carrier. Air Serbia’s CEO, Duncan Naysmith, said, “Growth of all operating indicators in 2019, including the financial performance of the business, demonstrates that the continuous measures for improvement and optimisation from 2018 yielded positive results. Air Serbia strives to adapt and change for the better and has effectively reacted to take advantage of significant market opportunities, promoted sustainable business practices, and further strengthened its status of a regional leader”. Overall, the airline introduced 23 new destinations to its network in 2019.

YearNet profit / loss (million €)
2013 73
2014 2.7
2015 3.9
2016 0.9
2017 16.0
2018 12.3
2019 9.5

Comments

  1. Anonymous10:51

    and how much support from the state?

    ReplyDelete
    Replies
    1. Anonymous11:07

      About €20 million

      Delete
    2. Anonymous11:09

      Ok then it's not too bad then, real loss around €10 million.

      Delete
    3. Anonymous11:59

      AS indirektno Srbiji donosi mnogo vise od 10 mi evra.Pokrenuti 23 nove rute a smanjiti prihode za samo 3 mil. je fantastican rezultat. Steta zbog korone,sa novim rutama koje su bile planirane za ovu godinu sigurno bi premasili 3mil. putnika.

      Delete
    4. Anonymous12:58

      Ма Ер Србија се исплати само на основу летова за Истанбул. Са сваким летом доводе десетине туриста који троше паре у Србији. Захваљујући тим летовима број седишта је повећан на тржишту што значи да је било више простора за раст.

      Delete
  2. Anonymous11:18

    Koliko je absurdna ova vest, profit, ma daj!!!
    Ono kao imacemo najbolju ekonomiju ne u evropi nego na svetu :)

    ReplyDelete
    Replies
    1. Anonymous11:21

      Ма дај неке конкретне цифре место то рекла казала. Ове бројке дефинитивно показују да је фирма на правом путу.

      Delete
    2. Anonymous11:32

      +1 last Anon

      Delete
    3. Anonymous12:26

      Pa dobili su 20 miliona pomoci prosle godine, znaci kada se sve izracuna gubitak je 10 miliona

      Delete
  3. Anonymous11:51

    Jat's loss in 2013 is best proof why Air Serbia was needed. So much money wasted on an airline that barely operated six planes.

    ReplyDelete
    Replies
    1. Anonymous13:28

      Do you know how much millions of euros is burned in AS?

      Delete
    2. Anonymous13:46

      Of course I do, much, much less than in Jat and less and less every year.

      You are obviously the one who doesn't know.

      Delete
  4. Anonymous12:06

    I guess they will register a profit in 2020 too :)

    ReplyDelete
    Replies
    1. Anonymous12:13

      At least some companies like JU could show profit no matter it includes certain financial support.

      We have air companies in the neighbourhood that have losses no matter they have the best Adriatic coast + financial support from Government + PSO + udruzeno oglasavanje...

      Delete
    2. Anonymous12:39

      That is true, but I don't find this way of thinking very constructive.

      Delete
    3. Anonymous13:46

      Why not Anon 12.39, it is an aviation portal after all.

      Delete
    4. Anonymous15:32

      Anon 12:13 all of that plus hub airport unashamedly turning away lowcost competition.

      Delete
    5. Anonymous15:58

      Exactly, at least in Belgrade no one is discriminated against, I mean even Wizz is boosting capacity to A321 and adding a third aircraft.

      Delete
  5. Anonymous14:10

    All is good, typical national air carrier, serving a bigger purpose than making money unfortunately, JU carries Serbs through Europe year round and is a vital link for Serbs ...look what happened to Slovenian travel after Adria failure, this is why Air Serbia will never fail A+

    ReplyDelete
  6. what is "sixth year in the black"? I dont understand the word black in this case?

    ReplyDelete
    Replies
    1. Anonymous17:34

      in the black. (accounting, idiomatic) Having positive net income; having greater income than expenses; making a profit.

      Delete

Post a comment

EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. A full list of comment guidelines can be found here. Thank you for your cooperation.