Small Planet Airlines reports increased revenues, but lower profits

During the first half of 2016 leisure carrier Small Planet Airlines grew its revenues by 9,9% to €72,3m when compared to the same period in 2015. The main reasons behind revenue growth was increased activity in Lithuania, Poland, and the United Kingdom, launch of flights under the German AOC, and return to the French market. Over the period of six months Small Planet Airlines added six new aircraft and carried 660 thousand passengers: 26% more than during the same period last year. Currently Small Planet Airlines operates twenty-one aircraft under their AOCs: seventeen Airbus A320 aircraft in 180 economy seat configuration and four Airbus A321 aircraft in 220 economy seat configuration. Cabin interiors of all Small Planet Airlines’ aircraft were retrofitted this year, including new Recaro seats, LED lightning, Premium seating, on-board entertainment service Air-Fi, and more. Rapid growth and record investments in fleet expansion and aircraft upgrade programme contributed to Small Planet Airlines profitability decrease – its gross profit margin lowered from 9.8% to 1.0% when compared to H1 2015.