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Air Serbia, the rebranded former JAT Airways, marked its first full year of operation with a net profit of €2.7 million ($3 million), a sharp reversal of its 2013 €73 million loss. Revenues jumped 87% to €262 million, reflecting what the airline described as strong growth in both passenger traffic and cargo volumes. Passenger numbers reached 2.3 million in 2014, up 68% on 2013. Capacity jumped 74% to 3.3 billion ASKs. Load factor rose 3 points to 67% from 64% in 2013, the last year of operation as JAT.