Air Serbia reports EUR3.9m net profit in second full year operation

Air Serbia reported (04-May-2016) a net profit of EUR3.9 million in its second full year of operation in 2015, exceeding 2014 profit of EUR2.7 million by 44%. Revenue increased 16% to EUR305 million, driven by "significant growth" in passenger numbers, which increased 11% to 2.55 million. Air Serbia's codeshare partnerships contributed EUR 21.5 million in 2015, a result of the airline developing its existing agreements and signing new codeshare partnerships with Aegean Airlines, airBaltic, Air China, Air Europa and LOT Polish Airlines. [more - original PR]