Air Serbia records increasing results

Air Serbia Airbus A319
Air Serbia Airbus A319 (GNU 1.2 D. Milinkovic)

Air Serbia, the national airline of the Republic of Serbia, reported continued improvement in its financial performance with total revenues of EUR 57 million for the third quarter of 2014, an increase of 54 per cent over 2013, achieved by accelerating passenger and cargo growth during the summer months.

The airline’s total passenger numbers increased to 730,000 between July and September this year, 74 per cent higher than the 419,000 passengers from the same period in 2013. Air Serbia Cargo also achieved a 64 per cent growth over 2013 carrying 669 tonnes of freight during the third quarter of 2014.

Air Serbia’s passenger carrying capacity, measured in Available Seat Kilometres (ASK), was 967 million by the end of Q3 2014, an increase of 62 per cent over the same period last year.

Aviolet, Air Serbia’s charter brand launched in May this year, carried out over 520 flights during the season and transported 90,000 passengers to various summer destinations in Turkey, Greece, Egypt and Italy, among others.

In the quarter the airline’s fleet expanded to 10 narrow bodies and five turbo-prop aircraft, with the delivery of the last of the A319 aircraft arranged last year. This is the tenth Airbus aircraft delivered to Air Serbia since its launch on 26 October 2013 and the last one until 2018, when Air Serbia expects to take delivery of its first Airbus A320neo.

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