Podgorica, (MINA-BUSINESS) – For the third consecutive year, the national airline Air Montenegro ended last year with a profit, amounting to €1.35 million, and expects continued strong performance and readiness to respond to all challenges, supported by a strong team and solid financial foundations.

 

The company’s Financial Director, Rade Jokanovic, said that last year’s profit was 151 percent higher compared to 2024.

 

“Funds held in bank accounts increased by € 3.2 million, while total assets rose by €4.7 million,” Jokanovic said at a press conference, presenting last year’s results and future plans.

 

He added that certain cost efficiency measures had been implemented, particularly in catering, office space leasing, crew accommodation, and insurance.

Chairman of the Board of Directors of Air Montenegro, Tihomir Dragas, stated that the company has become stable since its establishment five years ago, adding that it continues to grow each year. 

 

Regarding the fleet, Dragas said that the company will fully transition to its own operations this year. 

 

“The company owns two aircraft, and it is very likely that it will purchase the aircraft that was introduced last year under a dry lease arrangement. We are currently negotiating with the aircraft owner, and soon that third aircraft should soon be owned by the national airline,” Dragas said.

 

Speaking about geopolitical instability, the company’s Executive Director, Vukadin Stojanovic said that the company is currently operating positively and maintains continuous communication with the Government. 

 

“Air Montenegro has not increased ticket prices so far. Our passengers have been our priority in situations like this when fuel prices have risen. If this continues, the company will face additional unplanned costs, but it makes no sense to pass the full fuel cost onto passengers,” Stojanovic said.

 

According to him, if fuel prices remain high, the company will have to respond in some way, but the impact on passengers will be minimal and barely noticeable.

 

He added that the company plans to continue expanding, announcing further fleet growth in the coming years.