Air Serbia ends 2025 with a slightly lower profit |

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Air Serbia has highlighted its 2025 year-end results, and while the Serbian flag carrier did not provide much detail, it noted that its revenues were once again above €700 million ($812 million).

On March 31, 2026, Air Serbia unveiled its 2025 results, saying that its revenues once again were above €700 million, with the airline ending the year with revenues of €719.5 million ($834.7 million).

In 2025, Air Serbia welcomed 4.5 million passengers, an increase of 3% compared to 2024, with its average network-wide load factors improving by 2.4 percentage points ot 77.3%. The airline operated a total of 48,925 flights, up 4% year-on-year (YoY).

“Through careful capacity management, timely commercial decisions, and strengthening strategic partnerships, the company further consolidated its presence in key markets and” ended the year with a pre-tax net profit of €45.3 million ($52.5 million), Air Serbia added.

In comparison, the airline’s 2024 “net profit exceeded” €50 million ($57.9 million), Air Serbia stated in January 2025, when it reviewed its previous year’s result.

Ji?í Marek, the Chief Executive Officer (CEO) of Air Serbia, said that the airline was proud of the result it had achieved in 2025, “demonstrating responsible and strategic management in the interest of the company, the state of Serbia, and all its citizens.”

“Despite the dynamic and unpredictable developments in the global aviation industry, including rising operating costs and supply chain price increases, Air Serbia has shown the ability to adapt quickly and maintain stable growth.”

The carrier highlighted that its network spans 103 destinations, including 90 scheduled and 13 charter itineraries, in 34 countries across four continents, having launched six new destinations and added frequencies on existing routes, focusing on markets with the strongest demand.

In 2026, Air Serbia said it plans to further expand its network by adding new destinations and to strengthen its market position in the Balkans and internationally.

“The company’s strategy is based on digital transformation, sustainable growth, increasing global competitiveness, and service personalization, including the introduction of a loyalty program and partnerships that further enhance service quality.”

According to Cirium’s Diio Mi, Air Serbia’s capacity, measured in available seat kilometers (ASKs), will grow by 5.8% YoY in 2026, compared to ASK growth of 9% in 2025.

Per planespotters.net, the Serbian carrier now has 34 aircraft in its fleet. In 2025, it added three aircraft – one Airbus A330-200 and two Embraer E195s – and so far in 2026, the airline has taken delivery of one A320ceo and E195 each, with the A320, registered as YU-APT, arriving at Belgrade Nikola Tesla Airport (BEG) in December 2025 and entering service on March 31.

YU-APT was originally operated by Wizz Air, which phased the aircraft out of service in September 2025.