Loading
3-Jun-2010 12:28 PM

Croatia Airlines reports widening net loss in 1Q2010

Croatia Airlines reports the following financial  highlights for the three months ended 31-Mar-2010 (Croatian Times, 02-Jun-2010):

  • Total revenues: EUR37.8 million, -18.4% year-on-year;
  • Total costs: EUR51.6 million, +0.2%;
  • Net profit (loss): (EUR13.8 million), compared to a loss of EUR5.3 million in p-c-p.

Croatia Airlines Director, Ivan Misetic, stated last month that in 2010, the carrier plans to halve last year’s record loss of EUR27.4 million. The carrier made a loss of EUR2.8 million in Apr-2010 due to the volcanic ash cloud disruptions.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More