The decision follows an optimisation of the air carrier's flight schedule as it will operate with four aircraft in the summer, Air Montenegro said in a press release.
Air Montenegro was due to launch the Podgorica-Munich service on June 2 as part of four planned new routes including Baku in Azerbaijan, Izmir in Turkey, and Ostrava in the Czech Republic.
The airline will continue to operate the service between Podogorica and Frankfurt in Germany three times per week - on Mondays, Thursdays and Sundays.