War Effect: Decline in Aviation Links Profits in Third Quarter
The company's profit in the first nine months of the year amounted to $3.228 million compared to about $8.970 million in the first nine months of last year.
Shutterstock The war affected the business results of Aviation Links and the company even notes this in its financial report.
The profit of the tourism company decreased in the third quarter of the year to a total of $3.422 million compared to $6.382 million in the third quarter of last year.
Revenues amounted to $62.500 million compared to $107.870 million in the third quarter of 2023. The operating profit totaled $3.800 million compared to about $8.700 million last year.
Revenue from flight organization amounted to $31 million compared to about $52.250 million last year.
Revenue from ground services amounted to $17.780 million compared to about $32.154 million last year.
Domestic tourism revenue amounted to $2.500 million compared to about $1.570 million last year.
In the cruise sector (Snorama), revenues amounted to $1.430 million compared to about $3.500 million in the corresponding period last year.
In organized tours (Pegasus), revenues amounted to $9.360 million compared to about $18.980 million last year.
In the first nine months of the year, the company's profit amounted to $3.228 million compared to about $8.970 million in the first nine months of last year.
Revenues amounted to $110 million compared to about $208.560 million last year.
Operating profit amounted to $3.740 million compared to an operating profit of $12.326 million in the corresponding period in 2023.
Revenue from charter flights amounted to $51.780 million compared to $92.844 million in the first nine months of 2023.
Revenue from ground services amounted to $26 million compared to about $49.280 million in the corresponding period last year.
Revenue from domestic tourism amounted to $6.194 million compared to about $5 million in the first nine months of 2023.
Revenues in the cruise sector amounted to $2.220 million compared to about $6.420 million last year.
In the organized tour sector, revenues amounted to $22.900 million compared to a total of $54.290 million in the first nine months of 2023.