National carrier Air Montenegro continues its financial and operational ascent, generating €62.3 million in revenue in 2023, marking a 45% increase compared to 2022.
The achieved profit, indicative of business success and effective company earnings, amounts to €3.47 million. Compared to 2022, when the financial result was negative due to investment expenditures and global trends, the overall result improved by €5.93 million – the company stated.
Additionally, they added, safely transporting 475,000 passengers represents a 31.05% increase compared to 2022.
Moreover, with a network of 17 regular destinations, and a tendency for further growth in all parameters in 2024, the company’s success is evident – the statement reads.
A rarity in the aviation industry is that Air Montenegro has already achieved a positive financial result in its third year of operation, confirming the strength and sustainability of the company. All this is the result of the dedicated work of the company’s team and the right strategic decisions that have enabled efficient adaptation to market trends.
We are proud of the financial results achieved in 2023. We are also aware of the upcoming challenges, but also the great potential of the company. We will continue to provide the best possible service to our passengers. Our focus will continue to be supporting the tourism industry and generating as much tourist traffic as possible for the benefit of Montenegro’s economic development – said Air Montenegro’s CEO, Mark Anžur.
Air Montenegro extends its gratitude to its passengers, partners, and employees for their dedication shown during the past year. The company emphasizes that it optimistically plans future activities to further intensify Montenegro’s connections with the rest of Europe and the world.
Montenegro deserves to be branded as an exceptionally attractive tourist destination, predominantly oriented towards high-paying markets. Air Montenegro is committed to this goal – concluded CEO Mark Anžur.
