Air Serbia profits in first full year of operation

Air Serbia – in which Etihad Airways has a 49 per cent stake along with management rights – reported a net profit of €2.7 million for 2014 on the back of revenues of €262 million, up 87 per cent year-on-year, marking the strongest results in the history of the carrier.


Air Serbia profits in first full year of operation


Air Serbia – in which Etihad Airways has a 49 per cent stake along with management rights – reported a net profit of €2.7 million for 2014 on the back of revenues of €262 million, up 87 per cent year-on-year, marking the strongest results in the history of the carrier. The positive result is a reflection of strong growth in passenger traffic and cargo volumes, the airline said.

Air Serbia Cargo performed significantly better in 2014, carrying 2,700 tonnes of freight, a 67 per cent increase on 2013, with cargo services continuing to be a major area of growth for Air Serbia. A total of 2.3 million passengers travelled with the airline in 2014, 68 per cent more than in 2013.