According to EXYU Aviation, Air Serbia and Air Montenegro are both positioned to post net profits in 2025, supported by robust operational and financial performance as the current year nears its end.
Air Serbia has confirmed it remains on course for another profitable year. “At the moment, we are on par with last year’s profitability, which was a record in terms of earnings. However, it is important to note that costs continue to rise, so our ability to remain flexible and adapt to market conditions is a key driver of our success,” said Air Serbia CEO Jiri Marek. He added that all key performance indicators are showing strong year-on-year improvement. “What is especially important is that those with a direct economic impact are improving the most. Passenger numbers are growing faster than seat capacity, which is driving a notable increase in load factor. Overall, all our key metrics are moving in the right direction, and we are very pleased with the results.”
Air Montenegro has similarly expressed confidence in its financial outlook. CEO Vuk Stojanović reported that the airline achieved approximately three million euros in financial results during the first ten months of the year. “This is a preliminary figure which will likely improve further once the final review and checks are completed,” he said. Stojanović noted that the carrier’s positive performance reflects growing passenger trust and continued service improvements. “It was in June four years ago that our first regular commercial flight took off on the Podgorica–Belgrade route. Today, four years later, we look back with gratitude and pride at what we have achieved.”
In 2024, Air Serbia posted a record profit of €41.3 million, up from €40.5 million the previous year, while annual revenue surpassed €700.3 million for the first time. Air Montenegro reported a net profit of €540,000 in 2024, down from €3.4 million in 2023, with annual revenue reaching €62.8 million.
Both carriers are now entering 2025 with healthy financial foundations, strengthening their roles in the regional aviation market.