This year, Montenegro Airlines also organized a regular press conference in order to present the preliminary results of its operations in 2005. Important business effects that Montenegro Airlines achieved in 2005 were presented by the following indicators:

The number of transported passengers:

-   in 2004 – 362 000

-    in 2005 – 461 000 (this clearly shows that previously announced estimate of 450000 in 2005, was exceeded)

-    the percent of the increased number of passengers in 2005, compared with 2004, is 27.24%

-   the average load factor, i.e. the ratio of paid passenger seats to the total seating capacity of the aircraft, in 2005 – 74%

-  hours flown, i.e. block time in 2005 – 7550 hours flown

The reason of the passenger number increase lays in the basic assumption of Montenegro Airlines operations, i.e. in the safety, accuracy and quality of service.

As for the financial indicators, Montenegro Airlines is looking forward to a successful end of a business year, which will be finally evaluated by the authorized audit agency.  The expected revenue in 2005 will amount to 50 m $. It should be emphasized that Montenegro Airlines realizes almost 50% of its revenues externally, i.e. on third markets. This means the export of Montenegrin product, by which Montenegro Airlines gives great contribution to the development of Montenegrin economy.

Considerate influence on the results of operations has an enormous increase of costs in air industry. Besides the fuel price, there was also the increase of additional costs, such as the airport services – handling, landing, catering etc.

Concerning all the above, the business strategy of Montenegro Airlines is based on reduction of costs and increase of load factor.

The indicators show that in the following season there will be further increase of the number of passengers. In order to meet the expected increased demand, the management is intensively planning the acquisition of the sixth aircraft for the next season.
 
Donation to the Child Home “Mladost” Bijela

 Donation to the Child Home “Mladost” Bijela Management of Montenegro Airlines wanted to contribute to a better life and working conditions, and to make more pleasant New Year holidays for the inmates of home “Mladost” in Bijela, so they donated the resources in the amount of 7000 eur.