• Enter Air’s revenue in the first three quarters of 2017 grew by 18.9% year-on-year, to PLN 774.3m, from PLN 651.4m during the same period of 2016
• Operating profit in the first nine months of the year rose by 4.7%, to PLN 64.1m
• Net profit was PLN 47.5m, up 7.2%, as compared to PLN 44.3m a year earlier
• New contracts signed with TUI and Rainbow Tours for summer 2018 and winter 2018/2019
• Fleet renewal completed—17 Boeing 737-800 aircraft now fly the Enter Air colours
Grzegorz Polaniecki, Enter Air CEO and management board member, said: “In line with earlier predictions and signed contacts, the summer this year was record-setting. We completed more flights than the previous year, which is why the results come as no surprise to us. The prospects for the next season are very good. We signed record-setting contracts with TUI and Rainbow Tours in recent months. We continue negotiations with other tour operators and hope that we will soon finalize more contracts. In October we completed the process of our fleet renewal, thanks to which we now have greater operating capacity. An improved and more productive fleet should also carry over to our margins in the future.”
In the first nine months of 2017 Enter Air grew its revenue by nearly 19% as a result of a well-planned sales program and significant growth in operations. In the first three quarters the number of passenger kilometres (PKM) grew by 15%, to 5,348 million vs 4,656 million in the same period of 2016. The most popular destinations for passengers were Greece, Spain and Bulgaria.
In October 2017 Enter Air signed a cooperation agreement with TUI Poland for the summer 2018 – winter 2018/2019 season worth USD 81.4m (about PLN 299.5m), which is the largest contract in the company’s history. And in September a contract with Rainbow Tours was signed for USD 46.3m (about PLN 165m). More contracts are expected to be signed by Company with other partners soon.
Enter Air has completed the process of replacing its old B734s with new-generation 737-800 aircrafts. Seven Boeing 737-400’s left the fleet in the 4th quarter of 2016 and the last one was sold at the end of the summer 2017 season. Enter Air’s fleet is currently made up of 17 Boeing 737-800’s. Two more B737-800s are scheduled to join the fleet in the Q1 2018. Two of the six Boeing 737-8 MAX aircraft ordered by the company will join the fleet at the end of 2018. Enter Air does not rule out a further increase in its capacity for the summer 2018 season due to high market demand.