Croatia Airlines operating loss halved in 1H2014

Croatia Airlines revenue down 2% - financial highlights for six months ended 30-Jun-2014:

• Total revenue: HRK694 million (EUR91.0 million), -1.7% year-on-year;
• Total costs: HRK732 million (EUR96.0 million), -6.6%;
• Operating profit (loss): (HRK30 million) (EUR3.9 million), compared to a loss of HRK78 million (EUR10.2 million) in p-c-p;
• EBIT (loss): (HRK31.8 million) (EUR4.2 million), compared to a loss of HRK70.8 million (EUR9.3 million) in p-c-p;
• Net profit (loss): (HRK38 million) (EUR5.0 million), compared to a loss of HRK78 million (EUR10.2 million) in p-c-p;
• Passenger numbers: 801,000, -0.9%;
• Passenger load factor: 64.7%, -0.4 ppt;
• Cargo volume: 1432 tons, -12.7%;
• Passenger yield: EUR 12.5 cents, -0.8%. [more - original PR - Croatian]

*Based on the average exchange rate at EUR1 = HRK7.6236