Air Serbia records profitability in first full year of operation in 2014

Air Serbia announced (02-Mar-2015) the carrier reported a net profit of EUR2.7 million during its first full year of operations. Details include:

• Revenue: EUR262 million, +87% year-on-year;
• Net profit: EUR2.7 million;
• Passenger numbers: 2.3 million, +68%;
• Passenger load factor: 67%, +3 ppts;
• Cargo volume: 2700 tonnes, +67%. [more - original PR]

Etihad Airways: "We are delighted with the progress Air Serbia has made in delivering on its performance objectives in the very competitive European market. Its continued success amidst these challenges will depend not only on continued investment in its workforce and in innovative products and services, but also on the ongoing and strict financial discipline and focus on cost which have marked its first year of operation," James Hogan, President and CEO. Source: Company statement, 02-Mar-2015.