Friday, 15 November 2019
Another year of financial pressure Another year of financial pressure Pixabay

Croatia Airlines post a 4 million Euro loss in challenging year

By  Nov 02, 2019

Croatia Airlines' losses in the first nine months of 2019 stood at 48.4 million kuna (€6.5m). Although net profits in Q3 2019 alone totalled 41 million kuna (€5.5m) the profits generated in Q2 and Q3 did not cover the losses generated in the winter months of Q1 2019, with total operating loss over the first nine months of 2019 amounting to 30.4 million kuna (€4m).

Operating revenues in said period were up 1.4% on the year, while the passenger turnover was the same as in the first nine months of 2018.

In the first nine months of this year, Croatia Airlines transported 1,701,571 passengers, with 2% more passengers flown internationally. Domestically, the number of passengers decreased from the first nine months of 2018.

During this year's summer season, the airline's planes flew to eight Croatian and 30 international destinations in 24 countries. The company operated direct flights between Zagreb and 24 destinations in 22 European countries.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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