The national airline Croatia Airlines concluded the first six months with an operational loss of 77.7 million kuna, and with financial costs that include fleet financing and costs or revenues from exchange rates, the final loss amounts to 78.1 million kuna, which is seven percent lower than the loss incurred in the same period last year.
Operational revenues decreased by ten percent due to lower passenger revenues and other revenues, primarily those from subsidies, DFS revenues, clearing commissions, etc.
Passenger revenues compared to the previous year recorded a decline of nine percent as a result of the restructuring program measures and, as emphasized by the company, the strike of flight and cabin crew in May.
At the same time, the number of passengers in the observed period fell by five percent.
Revenues from cargo transport decreased by two percent, while operational costs are down nine percent.
Croatia Airlines’ obligations on loans from domestic banks at the end of June amounted to 133.1 million kuna, of which 87.18 relates to long-term obligations, and 45.9 million kuna are short-term loans.
The remaining principal on long-term loans from foreign banks amounts to 232.19 million kuna.
