Jiri Marek, CEO, Air Serbia, at the CAPA World Aviation Summit 2022

Transcript

Jiri Marek:We've been still heavily impacted in the first quarter because there were still restrictions that Serbian citizens cannot enter Europe. So the first quarter was still very, very low. However, from April, the pent-up demand came up, and from July, every single month, we are already by passenger numbers above 2019 level. We will end the year approximately around 2% below 2019 level in terms of passenger, But with the strong yield which we are facing, it will be much more higher revenue by 30% approximately. I think it just improves the business model which we were doing and what we were striving to deliver before the crisis. The crisis just gave us the time to speed up a lot of restructuring and transformation we were planning before to become more agile, more flexible, and more faster reacting opportunities. I would not call it supply chain challenges. I would say like the airport infrastructure limitations. So we receive the cup on the Heathrow during the summer, cup from Amsterdam, which is going even into the winter, which is really affecting because the flights are full and we could fly more and we cannot. We plan to grow approximately 30%. We will start announcing up to 30 new destinations starting tomorrow. We will be insourcing more aircraft. We are expanding our long-haul operations. So at the moment, nothing I would say to worry about. It's a very positive outlook.

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