Appendix
Materiality analysis and stakeholder engagement
Economic value and connectivity
Introduction
CEO letter
Air SERBIA’s Story
Air Serbia in 2025 - year in review
Governance
Environment
Social
10.5 ESG Indicators — Diversity & Gender Balance
Unit
2024
2025
STEM-related positions
Women - share of STEM workforce
%
34.1%
34%
Men - share of STEM workforce
%
65.9%
66%
10.5 ESG Indicators — Workforce Stability - Turnover & Retention
Unit
2024
2025
Employee inflow (new hires + returns)
# employees
317
252
Employee outflow (all departures)
# employees
256
266
Total turnover rate
%
17%
17.3%
Voluntary departures
# employees
145
166
Voluntary turnover rate
%
9.6%
10.9%
Average employee tenure
years
-
6.14
Sustainability Report 88
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