Air Serbia claims full-year profit after strong network expansion

Air Serbia is claiming a full-year profit of E40.5m ($44.1m), adding that it almost doubled the previous figure. The airline says it achieved the result on revenues of nearly E628m – the highest level in its decade of operations. Air Serbia attributes the performance to introduction of 23 additional destinations and a “significant” rise in passenger numbers. It says the profits this year, and last year, were achieved without any state subsidies. Air Serbia transported almost 4.2m passengers, and increased its share of transfer traffic. “Intensive growth in 2022 and 2023 was inevitable for us to meet the increased demand and achieve the critical mass and market presence necessary for further business development,” says CE Jiri Marek. “As we reach [that] critical mass…we will work on further operations stabilisation, network expansion, and improving the services provided to passengers.”<br/>