Croatia Airlines posts HRK 475 mln loss in 2012

 

Croatia Airlines closed 2012 with HRK 475.1 million in losses, as against HRK 75.5 million in 2011, which was mainly due to non-recurring items related to restructuring, according to a preliminary financial report released on the Zagreb Stock Exchange earlier this week.

Revenues totalled HRK 1.76 billion, up 0.7% from 2011, while expenditures rose 22.5% to HRK 2.24 billion.

The net loss was actually cut by 14% to HRK 64.7 million, the management said.

In 2012, the company flew 1,951,501 passengers, up 4% from 2011.

Ticket sales grew 10%, although sales in Croatia dropped and those abroad rose. The biggest increase was registered in Australia, as much as 65% (by HRK 41.8 million), and in France (by 36% or HRK 20.6 million).

Cabins were filled to 69.1% of their occupancy capacity, the highest figure in the company's history.


(Hina)


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