WARSAW – Enter Air has reported a revenue of PLN 215.1 million in Q1 2022, which is up 153.1 percent from the PLN 85 million achieved in the same period of 2021.
Up 3.9 percent from the PLN 207.1 million, the carrier’s best ever first-quarter result in 2020, just before the market crisis caused by the COVID-19 virus.
The company posted an EBITDA loss of PLN 16.3 million. This improvement of PLN 63.5 million from the PLN 79.8 million EBITDA loss in Q1 2021. In the period under review, operating loss was PLN 42.9mn vs. PLN 69.3mn loss a year earlier.
Net loss of PLN 68.7mn vs. net loss of PLN 116.3mn in 1Q 2021. The presented results were impacted by foreign exchange losses, which amounted to PLN 27.5 million.
Excluding foreign exchange differences, Enter had an EBITDA of PLN 11.2 million and a net loss of PLN 41.1 million. Losses in the first quarter are a natural phenomenon resulting from the seasonality of Enter Air operations.
In the first three months of this year, we achieved the highest first quarter revenues ever, more than 215 million PLN to be precise. Compared to last year, the growth is more than doubled, and the number of performed flights has increased very significantlysaid Grzegorz Polaniecki, member of the board of Enter Air.
The number of operations is in line with the company’s expectations. Its growth was due to the high interest from customers throughout the winter season.
In 2022, the company will use the entire available fleet of 25 Boeing aircraft: 23 B737-800 and two B737 MAX 8.
Due to strong demand from tour operators and requests significantly exceeding capacity, also two additional aircraft were leased on a wet-lease basis.
In May 2022, Enter Air signed agreements for Summer 2022 and Winter 2022/23 with its long-standing partners TUI Poland and Rainbow Tours.
It’s worth adding that the carrier cooperates with the largest tour operators in Poland. Including, in addition to those mentioned above, Itaka Holdings and Coral Travel.
The requests we receive from travel agencies are greater than the operational capabilities of our fleet, so as always the scope of the agreements concluded with tour operators is tailored to our commercial program, which we plan in the most efficient and cost-effective way. The tourism market is recovering, we are returning to most of the destinations we flew to before the pandemic, and thanks to the availability of slots, we will be flying to some destinations even a dozen times a week. The season looks very promising and all signs point to us returning to normality, which I am very happy aboutadds Polaniecki.
According to Polish CAA data, Enter Air transported in 2021 a total of 1,71 million passengers.
915,000 in charter and 800,000 in regular traffic. It’s a very good result despite the limited possibility of operation due to successive waves of COVID-19 (March-April and November-December).
It was the third-best result in the history of the company. After the record-breaking 2,46 million in 2019 and 1,95 million passengers in 2018.