Thursday, 27 June 2019

2018 a year to forget for Croatia Airlines

By  Nov 04, 2018

2018 will be a year to forget for Croatia’s national airline, Croatia Airlines. Disputes with the staff, two planned strikes that were called off at the last minute and a failure to find a strategic partner and now comes news that the national airline has made a loss in the first three quarters of this year.

In the first three quarters of this year Croatia Airlines posted a net loss of 34.4 million Kuna (€4.6 million). Even though the airline made a profit in the second quarter of 4.9 million Kuna, and in the third quarter of 45.2 million Kuna, it wasn’t enough to cover the heavy losses incurred in the first quarter of 84.5 million Kuna.

The two announced strikes evidently led to a drop in earnings as passengers moved their flights to other airlines and this combined with an increase in fuel prices have meant that 2018 is on course to be a negative year for the flag ship airline.

The Voice of Dubrovnik


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