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Jat’s Best Business Results in 15 years

In comparison to the same period in 2005, thirty-eight percent increase of passengers carried during the first three months this year enabled Jat Airways to be the most successful air carrier in Europe. In mid May Jat also recorded a positive result amounting 3.3 million euros in revenues. From January to March 2006 the revenue was up by 19% in comparison to 2005 - 29% higher than previously planned, said Nebojša Starčević, Jat Airways’ Acting Director General, on the media conference held on May 16, 2006.

In the period from January to March this year Jat carried 199.6 thousand passengers which is 38% increase in comparison to the first quarter of the year-ago period. Positive results in April, when the number of passengers carried rose by 91%, and the first two weeks of May, when the company recorded 48% increase in comparison to the spring period in 2005, witness stable business relations within the Company and definitive rationalization of Jat Airways’ traffic net. Serbian flag carrier’s business success is so much better as the first three calendar months are the most problematic for any air carrier worldwide due to the globally lowest rate of travels in the period.

As the public service enterprise which must make sure to abide by the scheduled time table Jat managed to increase its operations via the Belgrade Airport by 10% in comparison to the previous year, retain positive results in almost all markets where it flies to competing with other air carriers, increase number of passengers carried by 48% in domestic and by 6% in international traffic, record CLF increase by 51.1% and enhance on-time performance by 80.6%. The company achieved these results with the fleet of 14 aircraft, noted Jat’s Director General.

To remind, the European professional magazine "Aviation Industry" pronounced Jat Airways the air carrier which achieved the highest business and success jump in the first three months 2006 in comparison to the same period in 2005.

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