NEWS FLASH
Air Montenegro registered a net profit of 540.000 euros in 2024, down from 3.4 million in 2023. The airline’s revenue totalled 62.8 million euros, an improvement of 0.8% on the year before. As previously reported, the Montenegrin flag carrier handled 498.833 passengers in 2024, up 5% on the back of an 8% increase in the number of operated flights, which totalled 5.800. The company’s average cabin load factor for the duration of the year stood at 69.2%, an improvement of 1.2 points. "A positive business result in 2024 and a strong start to 2025 show that Air Montenegro is on a clear path of growth and development. We remain focused on further enhancing our offering and improving Montenegro’s connectivity with the region and key European destinations", the carrier's CEO, Vukadin Stojanović, said.
It will be interesting to see their revenue and profits, without any charters this year. No A320, no party
ReplyDeleteMontenegro keeps winning!
ReplyDeleteIt does? Profit went from 3.4 million to 0.5.
DeleteProfit is profit.
DeleteYes, and a half-decent hotel on the coast makes more profit per annum than the nation's flag carrier.
DeleteDream for OU.
DeleteAn airline in the balkans making profit in 2024 is really, really something amazing. It means that it paid all the salaries, all the suppliers, all the taxes and still have some positive profit. It gives the airline all the reasons to exist. We live in very dire economic times and 2025 is likely to be way worse than 2024. American Airlines and Southwest lost 50% of their value since January.
DeleteThe great drop in the cost of oil this year will help airlines a lot!
ReplyDeleteAirlines based in Europe even more than others because the Euro is appreciating vs the US dollar.
+1
Deletethey have a higher load factor than Croatia Airlines
ReplyDeleteThey are also profitable too.
DeleteThat is a good news but also an interesting indication about how a small airline can also make a sense.
DeleteMontenegro is 3 times smaller that Macedonia and/or Slovenia.
So does that mean that these 2 countries could operate airlines with 6 to 9 E190?
Just wondering?
No.
DeleteImagine how bad the numbers would be if they didn't have a duopoly with JU in TIV/TGD - BEG lines.
ReplyDeleteThey needed four months to do it
ReplyDeleteLuxair Airlines and LuxairTours together transported more than 2 million passengers in 2022 and transported over 2.5 million passengers in 2023 .(Luxemburg population aprox 666.000).
ReplyDelete