|Croatia Airlines posts mixed half yearly results|
Croatia Airlines has seen an improvement in its financial results for the first half of this year while its continuing passenger decline has eased. The carrier handled 801.288 passengers in the first six months of the year, down 1% on the same period in 2013. Out of those, 567.430 passengers were welcomed on international flights (same as last year), 212.109 on domestic services (down 3%) and a further 21.794 travellers on charter flights (a decrease of 6%). The average cabin load factor stood at 64.7%, slightly down from 65.1% in 2013. Overall, Croatia Airlines saw its numbers improve on flights to and from Belgium (+28.7), the Netherlands (+10.8), Bosnia and Herzegovina (+6.9), Austria (+6.5), Germany (+4.2) and France (+1.1). On the other hand, the carrier recorded poorer results on services to and from Italy (-12.5), the United Kingdom (-10.7%), Macedonia (-8.4%) and Switzerland (-3%). Passenger numbers on other markets detracted a total of 19.2%. Overall, the airline operated 12.266 flights, up 3% on last year.
On the financial front, the Croatian carrier reported a net loss of 3.9 million euros during the first half of 2014, which is down from 10.2 million euros on the same period last year. The airline says its financial performance is usually poorer in the first half of the year due to the strong seasonality of the Croatian market. The airline managed to decrease its expenditure by 5%. It spent most on flight operations, then maintenance and passenger services. Croatia Airlines invested almost half a million euros in its fleet, mostly on engine changes and the refurbishment of seats on its Airbus fleet.
Overall, Croatia Airlines has twelve aircraft in operation, five of which it owns (one A320 and 4 A319s) and the other seven which are on financial lease (one A320 and six Bombardier Dash 8s). Together, the fleet operated 17.121 block hours of flying time, up 2%. The airline has 975 employees (330 of which are non-operative) which is down from 1.041 staff at the end of 2013.