Novaturas Reports Strong December Growth and Rising Demand

Impressive December Performance for Novaturas Group

In a remarkable turn of events, Novaturas Group has reported exceptional revenues for December, totaling EUR 10.3 million, marking a 26% increase from the preceding month, where revenues were recorded at EUR 8.2 million. Serving 7.5 thousand customers, the company demonstrated resilience even with a minor decrease in customer numbers compared to 8 thousand in the same period a year ago. At the forefront of its operations, Novaturas has successfully maintained a high load factor and witnessed a growing interest in exotic travel destinations.

Yearly Overview of Business Activities

Preliminary data indicates that Novaturas Group achieved impressive results throughout 2024, recording total revenues of EUR 200.1 million with 232 thousand customers served. This performance slightly dipped from the previous year's revenues of EUR 208 million and customer numbers of 259 thousand. The company is on track to release the final results for 2024 at the end of February, providing further insights into their performance.

Optimizing Travel Programs for Better Results

In an optimistic outlook, Kristijonas Kaikaris, the CEO of Novaturas Group, highlighted the significance of the festive period's sales dynamics. "The last month of the year typically shows less intensity in sales due to seasonal factors. However, we are pleased with December's outcomes, as it's the third consecutive month showing revenue growth. This reflects the effectiveness of our travel program optimization strategies. Lowering the frequency of flights to specific destinations has improved our operational efficiency, benefiting our bottom line," Kaikaris stated.

Surge in Long-Haul Travel

The company's operational metrics also revealed a commendable load factor, which reached 98.5% in December, slightly up from 96.6% in the same month the previous year. Particularly noteworthy is the load factor for long-haul travels, which soared to 98.7% amidst increasing interest in more distant destinations.

Exciting Travel Trends

December saw Novaturas customers gravitating towards popular destinations, with Tenerife, Sharm el-Sheikh, Hurghada, Gran Canaria, and Dubai ranking as the top spots. A striking 42% uptick from the prior year was seen in travelers embarking on long-haul adventures, which generally present higher profit margins. Significant growth in specific regions included Vietnam, which saw an influx of 240% more visitors, along with impressive increases in popularity for trips to Sri Lanka and Thailand, with 120% and 100% more customers respectively.

Looking Forward: Summer 2025 Bookings

As for summer season early bookings, December data revealed robust growth for Italy's Catania (+78%) and for resorts like Barcelona (+51%), Corfu (+39%), and Madeira (+16%). Notably, Turkey's bookings saw a remarkable increase of 126%, largely driven by heightened group travel activities. However, early bookings for summer made between September and December have been slightly less auspicious, showing a modest decline of 6.7% in traveler numbers compared to the previous year.

About Novaturas Group

Positioned as the largest charter flight operator locally, Novaturas Group provides an array of summer and winter travel options across more than 30 destinations globally and over 100 distinct tours. The company recorded robust figures in 2023, achieving revenues of EUR 208.3 million while serving 259,000 passengers across Lithuania, Latvia, and Estonia.

Darius Undz?nas
CFO
+370 678 05749

Frequently Asked Questions

What were Novaturas Group's revenues for December 2024?

Novaturas Group generated revenues of EUR 10.3 million in December 2024.

How many customers did Novaturas serve in December?

In December 2024, Novaturas served 7.5 thousand customers.

What destinations showed the highest growth in traveler numbers?

Vietnam, Sri Lanka, and Thailand exhibited significant increases in traveler numbers, showing growths of 240%, 120%, and 100%, respectively.

What was the load factor for long-haul flights in December?

The load factor for long-haul flights reached 98.7% for November 2024.

When will Novaturas publish its full results for 2024?

The complete results for 2024 will be published at the end of February.

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