BUSINESS

Loss of Sarajevo Airport amounts to over 13 Million BAM

The Federal Government has supported the initiative of the Federal Ministry of Transport and Communications to assist Sarajevo International Airport in doing business and preserving jobs. The cancellation of flights and landings of planes caused by the coronavirus pandemic affected the entire airport system, eKapija business news portal writes.

In May 2020, the number of air operations decreased by 81%, and total revenues decreased by 93% compared to May 2019. All of the above could result in a reduction in the number of passengers by about 65% and operating income by 67% compared to 2019 by the end of 2020.

The total decrease in revenue from January 1 to May 31, 2020, compared to the same period last year, amounts to about 9.5 million BAM, and on May 31, 2020, a loss of 5 million BAM was recorded.

In the same period of the previous year, the profit was realized, which after taxation amounted to 2.6 million BAM. According to all relevant indicators, the projected loss for December 31, 2020 is about 13.3 million BAM.

It is estimated that the return to last year’s results will take at least two to three years. Due to all this, Sarajevo International Airport, through the Federal Ministry of Transport and Communications, addressed the Government of FBiH with a request for direct and non-refundable financial assistance.

Today, the government, also on the initiative of this airport, decided that the current Decision on Passenger Tax – a fee for the development and improvement of air traffic in the Federation of BiH will not be applied until December 31, 2021.

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