Monday, 20 October 2008

Despite global crisisMontenegro Airlines with good results

The Montenegrin national carrier, Montenegro Airlines, has transported more than 400.000 passengers during the last nine months, which is by one fifth more than it has been the case during the same period last year. It is expected that a Montenegro Airlines financial report, to be published within the following days, should show that the company has achieved positive business results during these nine months. The number of passengers on international flights has increased by 78%. The airline had 11 regular lines and serviced 20 charter destinations this summer. When statistics are broken down in more detail it can be seen that 39% of the total number of passengers transferred were tourists. The airline has recently introduced flights to London and Milan. The flights to London have proven profitable. Up until now 5.000 passengers have flown on this line. Use of capacities on these flights are 70% at the moment. The flights to Milan are somewhat weaker in terms of results. The current use of capacity on the flights is at disappointing 32%.

Good news for all passengers is that Montenegro Airlines will not change its ticket prices in the upcoming period, despite the developments at the global financial markets.



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