Small Planet Airlines rejoices at a 43% increase in revenue during the first six months of 2012
Compared to the same period last year, the revenue recorded by Small Planet Airlines, which operates in three markets, was 43% higher in the first half of 2012.
‘Such great half-yearly results clearly indicate that our expansion strategy has proven to be very effective in significantly increasing the scope of our operations and driving us towards achieving our key objectives. According to the plans we set forth in the end of last year, our activity in Poland, where our revenue increased by an astonishing 181%, has already overtaken Italy this year. There were several reasons for that. Firstly, the number of holidaymakers in Italy, compared to the previous year, decreased by 30%. Secondly, with OLT Express gone bust, we received much more orders from Poland,’ explained The CEO of Small Planet Airlines Vytautas Kaikaris.
During the first half of the year, the company’s revenue in Lithuania increased by 25%, compared to those received during the same period of time last year. This year the company has been also actively carrying passengers from the United Kingdom where it keeps two of its aircraft. The company successfully operates in the Lithuanian, Polish, British, Italian and French markets.
The highly successful expansion process has been in part driven by the carrier’s very effective fleet management strategy - this year Small Planet Airlines has added another two aircraft to its already impressive fleet. The company’s aircraft are always approximately 90% full, when the global average aircraft occupancy rate is only 83.1%.