ZAGREB, October 31, 2019 – Croatia Airlines’ losses in the first nine months of 2019 stood at 48.4 million kuna, while net profits in the third quarter alone were 41 million kuna, the company said on Thursday.
Despite the profits generated in Q2 and Q3, it was not enough to cover the losses generated in the winter months, the airline said, adding that the operating loss in the first nine months of the year amounted to 30.4 million kuna.
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.
More news about Croatia Airlines can be found in the Business section.
