Adria Carries 885,000 Passengers, Ends 2004 With Profit

Brnik, 13 April

Slovenia's national airline carried 885,000 passengers in 2004, up 2 percent over the year before. Adria Airways generated EUR 136m in revenues and finished the year with a profit of EUR 171,000, the company's chairman told the press on Wednesday.

According to Brane Lucovnik, the company finished the year with a profit despite fierce competition on the tarmac of Ljubljana's international airport, which saw the arrival of a number of foreign airlines.
Lucovnik told the press the company had been hoping to finish the year with an even bigger profit, but was nevertheless happy with the final result.
The company has bold plans for this year, as it hopes to raise its passenger numbers to 1 million by increasing the number of scheduled and charter flights. Figures from the first quarter suggest that this target can be achieved, Lucovnik said.
Lucovnik did not wish to present forecasts for this year's operations, saying that there were too many variables for a reliable outlook.
According to him, Adria is currently trying to overcome the problems that high fuel prices have caused to the aviation industry. Adria has spent EUR 1.5m more on fuel in the first quarter of this year than last year despite using more fuel-efficient jets, he said.
Nevertheless, the company expects to finish the year in the black, which would be a big achievement given how other regional airlines are doing.
The lion's share of Adria's passengers in 2004 flew on scheduled flights. However, charter flights saw better growth, as the number of passengers carried increased by 13 percent to 120,000. Adria hopes to tap further into this market this year.
New destinations for scheduled flights for this year include Warsaw and St. Petersburg, Adria's marketing director Bojan Sodnik said.
Adria, which is a member of the Star Alliance, the world's biggest airline confederation, recently expanded its fleet to ten aircraft with a long-range edition of the popular Canadair Regional Jet 200.
Adria, which operates around 140 flights each week to 40 destinations, has also been cooperating successfully with Bombardier in CRJ aircraft maintenance. In 2002 it was chosen as the first and only authorised maintenance service centre in Europe. In this time, it has serviced 189 foreign aircraft.

More articles from this issue:

Politics
PM Confident About Development Potential of SW Region
Koper, 13 April
Foreign Policy
Italian MEP Compares Foibe to Nazi Concentration Camps
Strasbourg, 13 April
Bilateral Relations
Drnovsek and Kwasniewski for Ratification of EU Constitution
Warsaw, 13 April
Government
Contested Bill on Public Broadcaster Ready for Parliament
Ljubljana, 14 April
Government Amends Three WWII-Related Acts, Veterans Protest
Ljubljana, 14 April
Govt Adopts Zoning Act for Koper-Divaca Railway
Ljubljana, 14 April
Parliament
Spring Day in Europe: Slovenian Pupils on EU Constitution
Ljubljana, 13 April
Economy
Companies Share Experience in Entering New Markets
Ljubljana, 18 April
Adria Carries 885,000 Passengers, Ends 2004 With Profit
Brnik, 13 April
IMF Forecasts 4% Growth for Slovenia This Year
Washington, 13 April
Slovenia Well Prepared to Adopt Euro, Central Bank Says
Portoroz, 13 April
Companies Feel Consequences of EU Trade Policy
Ljubljana, 16 April
Adria Mobil Sees Rapid Growth in 2004
Novo mesto, 13 April
Agriculture
WFP Delegation Expected in Ljubljana
Ljubljana, 19 April
Technology
Slovenia in Favour of R&D Programme, Says Minister
Luxembourg, 18 April
EU Topics
Interregional Cooperation Helping overcome Challenges in the EU
Bled, 14 April
Vizjak Highlights Economic Benefits of EU Accession
Vienna, 14 April
Transport
Adria to Fly Officials to Brussels until October
Ljubljana, 12 April
Culture
Open-Air Book Fair Opens in Ljubljana
Ljubljana, 18 April
"Ruins" Gets First Award Abroad
Bari, 13 April
Dance, Theatre, Hip Hop and Discourse at 11th Exodos Festival
Ljubljana, 15 April
People
Slovenia Boasts Highest Employment Rate for Women with Children
Luxembourg, 12 April
NUK Puts on Exhibition on Author Alma Karlin
Ljubljana, 14 April
Extreme Cyclist Encircles Slovenia in Record 46 Hours
Ljubljana, 17 April
Calendar of Events
Schedule of Events

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