Major Losses for Croatia Airlines

Transport › Airlines & Airports ♦ Published: February 16, 2013; 17:02 ♦ (Vindobona)

The publicly owned national carrier will introduce restructuring measures, the management announced.

Major Losses for Croatia Airlines / Picture: © Vindobona.org

Due to major write-downs of the fleet, Croatia Airlines has recorded a net loss of € 63m last year. Compared to 2011, this is an increase by more than € 53m. In total, write-downs came at € 36m. As a result, Croatia Airlines also recorded operating losses. At least, the carrier could register a stable turnover. Compared to 2011, the number of passengers was up by 4% to 1.9…

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