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JAT B707 preparing for departure
Belgrade Airport, 1980

Air Montenegro posts profit and passenger growth

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NEWS FLASH


Air Montenegro registered a net profit of 3.8 million euros during the first three quarters of the year, handling 397.361 passengers. The number of customers has grown 36% on the same period last year, while the carrier improved its financial result by 3.6 million euros on 2022. The airline operated 4.712 flights, or 1.280 operations more than in 2022. Air Montenegro’s busiest route was Belgrade, followed by Istanbul, Tel Aviv, Ljubljana, Paris, Prague, Chisinau, Bratislava, and Frankfurt. The highest average cabin load factor was recorded on services to Chisinau, followed by Brno, Katowice and Prague.

November 08, 2023
Air Montenegro montenegro Newsflash Results 2023
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Comments

  1. Anonymous13:38

    Great showcase to slovenian government that even a small airline can be profitable

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    1. Anonymous14:00

      Any kind of a new airline would cost Slovenian government more then LJU sale to fraport. Whatever Slovenian government does, in long term "Dara will be more expensive, then Mera" if government want to beat ZAG which now looks like a wet dream.

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    2. Anonymous14:09

      This is for all Adria lovers that yell since 2019, that we need new airline, no matter what. Yes, we may need it, but one that will make profit and not the one that has loss already installed in it's business plan. And is run by pilots.

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    3. Anonymous14:19

      Agree with 14:09.Permanent loss installed in a business plan of a new airline is not a business plan. And yes, pilots are there to fly not to run an airline.

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    4. Anonymous14:21

      But BA (was) and Lufthansa is also run by ex-pilots ;)

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    5. Anonymous21:31

      But Carsten Spohr has been in different management roles for more than 20 years before becoming Lufthansa CEO.

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    6. Anonymous21:34

      Congratulations. New management is doing a good job

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    7. Anonymous11:10

      Sure, they can be run by EX-pilots, if they proove to be competent. But an airline being run by active pilots...well, it's doomed for failure. Don't belive me? We've seen Adria, didn't we?

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  2. Anonymous13:47

    Chisinau is by Join Up( tour operator of Sky Up).

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  3. Anonymous13:59

    That is a 10€ profit per passenger segment!
    impressive and unbelievable at the same time.

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    1. Anonymous14:01

      The airline is heavily subsidised by the state.

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    2. Anonymous14:04

      That is the Balkan way.

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    3. Anonymous14:25

      What's your source? The airline hasn't received any subsidies for a while now.

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    4. Anonymous15:30

      They get from Aerodromi Crne Gore for example, sk them

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  4. Anonymous14:00

    Seems like the flights to FRA were operating poorly.

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    1. Anonymous14:05

      That's why they need CRJ900 or even ATR - LJU should be daily and FRA should stay

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    2. Anonymous21:39

      It would be very long flight for an ATR. Maybe its even impossible. I remember the flight of Windrose from Kyiv to Skopje with ATR was 3:45h

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  5. Anonymous15:33

    Wondering whats the number behind the highest LF

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    1. Anonymous15:48

      100

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    2. Anonymous17:34

      oh so funny

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    3. Anonymous18:14

      Chisinau was a charter that was sold out - apart from the cancellations, so yes, it wasn't 100% LF but AirMontenegro got paid in full

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JAT B707 preparing for departure
Belgrade Airport, 1980

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