MAJOR NETWORK EXPANSION AND CONTINUED IMPROVEMENT PROFITS OF €9.5 MILLION DELIVERED IN 2019 In addition to the continued improvement of operations over 2018 and the largest ever expansion of its network, with a total of 23 new destinations, 2019 also saw Air Serbia post net profits of €9.5 million, in just its sixth year of operations.
metres (ASK), stood at 4.45 billion in 2019, marking an in- crease of 428 million over the previous year.
Aviolet, the Air Serbia charter brand, had a re- cord-breaking 2019, with 2,286 flights, of the airline’s total of 33,322 landings. “Growth of all operating indicators in 2019, including the financial performance of the business, demonstrates that the continuous measures for improvement and op - timisation from 2018 yielded positive results. Air Serbia strives to adapt and change for the better, and has effec - tively reacted to take advantage of significant market op -
portunities, promoted sustain - able business practices, and further strengthened its status as a regional leader,” said Air Serbia CEO Duncan Naysmith. He added that the Corona- virus pandemic, which started to affect the airline adversely in March of this year, has been the largest crisis ever to hit aviation. “We are continuously mon - itoring the situation, and we hope that travel restrictions will be lifted in due course, as we are unable to operate normally. We remain focused on gradual- ly ramping up operations where possible, whilst protecting the health of customers and em- ployees,” explained Naysmith. Air Serbia continued to grow during the first months
THE NATIONAL AIRLINE OF THE REPUBLIC of Ser- bia delivered strong results in the field of charter flights, where the previous record income from 2018 grew in 2019 by an additional 24.17%, to €25.7 million. Further - more, in 2019, the growth of income continued in the field of ancillary services, up 27.54% compared to 2018. The airline carried a total of 2.81 million passengers in 2019, while the end of last October saw Air Serbia cele- brate another historic moment with the welcoming of its 15 th millionth passenger in its six years of operations.
of 2020, with an increase in passenger numbers exceed- ing more than 20% year-on-year in both January and Feb- ruary. As of mid-March, however, commercial air traffic was discontinued due to the Coronavirus pandemic. The gradual recommencement of flights began on 21 st May and since then the airline has been adapting constantly to handle travel restrictions and flight bans. In the meantime, Air Serbia continues to develop innovative projects for the benefit of passengers, primarily through digitalisation and product personalisation, in accordance with its long-term strategy and global aviation trends. In July of this year alone, a new Air Serbia mobile app was launched, along with the projects “Flight Pass” and “Keep Boarding”.
Network capacity, measured in Available Seat Kilo-
23 new destinations introduced during the year, with flights operating from two more Serbian airports: Niš and Kraljevo
New record in charter flight operations- revenue up by almost a quarter compared to 2018
Total ASK (Available Seat Kilometres – number of seats multiplied by number of kilometres flown) increased to 4.45 billion
2.81 million passengers carried
Net profits of €9.5 million in 2019
Air Serbia » Er Srbija | 49
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