Air Serbia reported a €12.2 million ($13.9 million) net profit for 2018, down 22% from €15.7 million a year ago. The airline said 2018 set the foundation for expanding its network. CEO Duncan Naysmith said, “This also served as a basis for our long-term strategy, which has already been implemented and will reinforce our role as regional leader.” The Serbian flag carrier transported 2.48 million passengers in 2018. ASKs were 4.03 billion and load factor was 71.2%, ...

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