Montenegro Airlines’ passenger numbers plunge 90%

NEWS FLASH


Montenegro Airlines handled 8.700 passengers in July, representing a decrease of 90.2% compared to the same period last year. Over the first half of 2020, during which the carrier was grounded for almost three months, it welcomed 65.000 travellers on board its aircraft, down 72.7%. “Through numerous business optimisation measures, we have significantly reduced variable costs, including salaries. Furthermore, the price of jet fuel is lower and we haven’t leased any additional capacity. For now, we have enough funds to meet our due obligations”, Montenegro Airlines’ Chairman of the Board of Directors, Niikola Vukićević, said.

Comments

  1. Anonymous13:34

    Nobody's fault but their own and their Governments'... Sad state of affairs in little Montenegro...

    ReplyDelete
  2. Anonymous13:38

    "For now, we have enough funds to meet our due obligations”, Montenegro Airlines’ Chairman of the Board of Directors, Niikola Vukićević, said."

    Okay, now that's straight forward.
    Similar to JU, it seems that the state aid helped them survive and most likely remain the case until next year.

    ReplyDelete
  3. Political falls, 10% minimum could be better results.

    ReplyDelete
  4. 87.000 in July but 65.000 in the half year. Something is wrong. I guess July is 8.700

    ReplyDelete
    Replies
    1. Anonymous01:03

      First half of 2020* (not 2019)

      Delete
  5. Anonymous14:38

    Montenegro keeps winning...?

    ReplyDelete

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