Air Serbia A319
Air Serbia has reported first-half revenue of €102 million ($139 million), up 82% compared to €56 million for the same period in 2013. Profit figures were not released.
Passenger numbers for the first half also rose sharply, climbing almost 70% to 944,000. Capacity increased 85% to 1.6 million ASKs.
Air Serbia Cargo reported carrying 907 tonnes of freight in the first half, a 65% increase year-over-year. First-half cargo revenue grew 32%, which the carrier described as “an important and burgeoning service.”
Air Serbia CEO Dane Kondić said the results “demonstrate how effectively the Air Serbia team is working to deliver on the strategy of sustainable growth. We are on track to deliver a profitable, strong airline by the end of the current financial year,” he said. “We expect to maintain the momentum for the second half of 2014, as we continue to reconnect the Balkan region and new markets through a combination of direct flights as well as expanding our codeshare partnerships.”
Air Serbia launched 11 new routes in the first half of 2014 and benefited from hooking into the network of codeshare agreements that mesh together the equity partnerships headed by Etihad.
A codeshare with Romanian national airline Tarom was also expanded to include Chisinau, Moldova.