Major Losses for Croatia Airlines

Published: February 16, 2013; 17:02 · (FriedlNews)

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

Major Losses for Croatia Airlines / Picture: © Flickr

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…

This article includes a total of 92 words.

or Log In