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Bulgaria Air Launches New Routes, Projects BGN 500,000 Profit

Business | February 28, 2006, Tuesday // 00:00| Views: 2058 | Comments: 0
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Bulgaria Air Launches New Routes, Projects BGN 500,000 Profit Bulgaria's flag carrier "Bulgaria Air" is adding new destinations to its time-table in a bid to enlarge its share on the local market. Photo by Nadya Kotseva (Sofia News Agency)

Bulgaria's flag carrier "Bulgaria Air" is adding three new destinations to its time-table in a bid to enlarge its share on the local market.

In April Bulgaria Air will start servicing flights from Sofia to Dublin, while the summer time-table will include flights from Dublin to Bulgaria's Black Sea airports. Other new routes that will be operated are with outgoing flights from Milan to Varna, from London to Burgas and Kuwait.

The flag carrier, which holds the largest share on the local airline market - 30%, expects its profit for 2005 to total BGN 0,5 M. This would be a considerable decrease over the previous year, when it recorded a profit of BGN 1,700,000.

In the words of Executive Director Zlatin Sarastov, the company is not immune to the restructuring process in the airlines branch, the entry of low-budget airlines on the local market and the hikes in fuel prices in 2005.

Currently Bulgaria Air flies to nineteen destinations, among which are London, Paris, Rome, Amsterdam, Brussels, Madrid, Lisbon, Milan and Frankfurt.
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