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ToMontenegro made a €5.4m loss in only six months

Foto: CdM

Last year, the national airline ToMontenegro generated €5.4 million loss, Pobjeda daily has learned from sources close to this company. 

ToMontenegro’s final account will be submitted to the Revenues and Customs Administration and the Ministry of Capital Investments by 31 March after which we’re to find out which costs caused huge losses of the company. Compared to the result from the 2021 third quarter, when the national flag carrier made a loss of €2.6 million, we now may see that it doubled. 

The poor performance comes into the spotlight having in mind that it was achieved in only six months of business and that the state provided a share capital amounting to 30 million euro. 

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