In 2024, Airports of Montenegro (ACG) achieved record-breaking results, both in passenger traffic and business revenue, according to Executive Director Roko Tolić. From January 1 to December 15, ACG served over 2.82 million passengers, a 15% increase from the previous year and an 8% rise compared to 2019. Tolić emphasized the success of Podgorica Airport, which handled 36% more passengers than pre-pandemic levels in 2019, while Tivat Airport surpassed 1 million passengers for the first time since COVID-19.
Business revenues for the year are expected to exceed 51 million euros, reflecting a 15% growth compared to last year. Net profits after taxes are projected to surpass 10 million euros, continuing a growth streak since 2020. Tolić noted that 12 million euros of total revenue are allocated to airline incentives, supporting carriers who maintain winter routes or open new ones.
Tolić clarified that the company’s pricing model is competitive, despite claims of non-competitiveness. He pointed out that regional airports are using various funding models to attract low-cost carriers, something ACG is actively working on with support from government officials, particularly Minister Maja Vukićević. They are close to implementing a new incentive model for airlines to stimulate growth.
Regarding the EU integration process, Tolić stressed that the new support model must comply with EU regulations and avoid being classified as state aid. He mentioned that the Slovenian model was considered optimal by the Competition Protection Agency. Prime Minister Milojko Spajić’s continued involvement in the process shows the government’s commitment to seeing the model implemented.
On the subject of the airport concession, Tolić affirmed the government’s determination to finalize the decision, although the outcome will only be clear once Montenegro receives final offers for an objective assessment.
Looking ahead to the summer season, ACG plans to adapt its infrastructure with modular, temporary solutions, while being involved in the creation of a new spatial and urban plan for Podgorica. Future developments include extending the runway and constructing a new terminal.
