Friday, May 1, 2015

Croatia Airlines posts mixed quarterly results

Passenger numbers improve as financial losses widen at Croatia Airlines

Croatia Airlines has posted mixed quarterly results, with passenger numbers improving and losses widening. The carrier handled 302.053 passengers during the first three months of the year, an increase of 3% compared to the same period in 2014. As a result, the airline positioned itself as the second busiest national carrier in the former Yugoslavia. A total of 82.123 passengers travelled on domestic flights, down 1%, while 215.345 travellers were welcomed on board international services, an improvement of 6%. The remaining 4.585 passengers flew on charter flights, down 26% year-on-year. However, charters accounted for only 2% of overall traffic. The average cabin load factor stood at 61.1%, which is 1.1% higher than last year.

Overall, Croatia Airlines saw its passenger numbers improve on flights to and from France (+57.4%), the Netherlands (+29.4%), Bosnia and Herzegovina (+13.9%), the United Kingdom (+13.1%), Switzerland (+7%) and Belgium (+3%). On the other hand, the carrier recorded poorer results on services to and from Austria (-13.2%), Macedonia (-5%) and Germany (-3.7%). Passenger numbers on other markets increased a total of 5.3%. Ticket sales were up 5%, with the greatest increase recorded in North America (+21%) and Europe (+11%, excluding Croatia). The greatest decline in sales was registered in Australia and New Zealand (-49%) and Croatia (-12%). During the first three months, the airline operated 5.079 flights, down 2% on the same period last year.

Q1 passenger numbers by market

On the financial front, the Croatian carrier’s consolidated net loss widened 17% to 12.6 million euros, up on last year’s 10.8 million euro loss. Unlike its counterparts in Serbia and Slovenia, Croatia Airlines provides quarterly profit figures. 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 carrier increased expenditure by 2%, while revenue fell 6% on last year. It spent most on flight operations, passenger services and promotions and sales. At the end of the first quarter, Croatia Airlines had 890 employees and twelve aircraft. Due to both planned and unscheduled maintenance of its aircraft, the airline has been forced to conclude short-term leases of additional jets over the past few weeks including Montenegro Airlines’ Embraer E195, Trade Air’s Fokker 100 and Moldavian Airlines’ F100.

EX-YU airline Q1 2015 passenger numbers:

AirlinePAX Change (%)
Air Serbia453.000 26
Croatia Airlines302.053 3
Adria Airways203.663 8

69 comments:

  1. They will lucky to hang onto that 1.8M with strong JU in their backyard.
    GO JU

    Aftakanaaaaaaa

    ReplyDelete
    Replies
    1. Don't go celebrating too early. With the planned cuts this winter, JU will be lucky to hang on last year's results.

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    2. Slobodno slavite bice rezultati dosta bolji nego prosle godine .

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    3. Could you share with us what kind of changes will be done in JU winter schedule? I have seen some people including you posting this information, but nobody gave more precise what will be changed, how, why etc. Or you maybe also saw what other people wrote and you liked it so you wish it to become truth?

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    4. The announced changes came as a proposal for the W15 timetable. They are still being negotiated. Some spineless, clueless people *cough*nikitovic*cough* want to accept everything regardless of certain parts being totally retarded.

      Time will tell what will happen in the end.

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    5. Summer is coming, hope OU will have more passengers and better financial results at the end of the year!

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    6. The W15 'proposal' is not a 'proposal' and as usual JU have not finalised the W15 schedule. Nothing official has come from JU, all is talk, rumour and speculation. All has been seen and done season after season, year after year.

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    7. JATBEGMEL<

      Please, don't speak about things you don't know. I work for JU and I was present at all meetings when the proposal for W15 arrived from AUH.
      Scheduling is done in AUH, not in BEG.

      Delete
  2. Looking at the numbers, Adria has really good Q1 performance. Less than 100,000 passengers than OU.

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  3. Why the sudden boost in passengers to France?

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  4. congrats ou. i prefer ju, but good results for ou!

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  5. Congratulations OU. Quite a good result. Now I hope we see that eastern expansion next year when the restructuring thing is finally completed.

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  6. Passenger numbers yes congratulations
    Financial figures very poor.
    So conclusion BAD MANAGEMENT because at the end what counts is the financial figures .

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    Replies
    1. That's correct load factor without profit won't pay your depths .
      This is good news for people that don't understand the airline business. Because at the end of the day the financial results cout nothing more nothing less.And the Ceo Kucko knows that as what I understand he comes from sales.

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  7. I wonder if OU will overtake AS in Q2 and Q3

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  8. To se vidida je pogresan izbor flote koji im ne odgovara.
    A tek na leto ne verujem da ce se nesto narocito popraviti oko chartera posto je navala od LCC toliko vlika.
    Nikog iz vrha CTN ja mislim ni ne zanima da popravi stanje .

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  9. They are really having issues in Macedonia. If we take this into account their number are still falling.
    http://www.exyuaviation.com/2015/01/wizz-growth-hits-competition-in-skopje.html

    They need to rethink their strategy for that market.

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    Replies
    1. BiH market doing well over all. They are sending an F100 today.

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    2. It helps when a former Croatia Airlines employee is running Sarajevo Airport.

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  10. How EY71/72 flights operated by Air Serbia are counted? Are they included in number of ASL passengers or not? This could make interesting difference.

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    Replies
    1. EY flight. Not counted as JU.

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    2. Then we have to say that actually JU is running without one airplane, so results in terms of number of pax are some 10% (1/10 Airbuses) better in terms of LF... possible to think that way?

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    3. ASL also operated evening AUH-MCT flight on behalf of Etihad.

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    4. Yes, one plane is constantly operating for Etihad, so basically there are 8 airbuses (APJ is not flying for 3 weaks now),

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    5. I didn't meant that ... I meant that in this case ASL airplanes are actually moved some 40K pax more... which kind of should be added on top of the numbers that they already have... that is all being paid, no matter what flight number it has.

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  11. Nema tu nikakvih nedoumica, to je Etihadov let.

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  12. What will OU sell this year to improve financial situation at the end of the year?

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    Replies
    1. They'll sell Kucko. He may be good for one kuna. LOL

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    2. What type of concessions will JU be asking Belgrade Airport for? Remember how much Belgrade airport wrote off for Air Serbia between Jan and Sep of last year. The tax payer had to cover the cost. How much will the tax payer have to pay this year?

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    3. It will stop 2016 according to the Contract with Etihad and it has been agreed from Serbian side as their portion in this investment.
      When will OU stop selling whatever they sell and present it as positive financial result at the end of the year?

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    4. Perpetual myth that Air Serbia does not look at the bottom line because tax payers will cover all the costs is getting really old. If that myth was true, Air Serbia would then offer revenue burning lounge-like plane interiors as in the good old days:

      http://www.messynessychic.com/2014/03/13/lets-reminisce-airplanes-piano-bars-cocktail-lounges-pubs-restaurants/

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    5. @3:27
      Whatever they decide to sell, for sure it's not gonna be the most attractive part of the Sava coast in the center of Zagreb, or agricultural land in Slavonia. Ko razume shvatice. Cheers!

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    6. @3:27
      Whatever they decide to sell, for sure it's not gonna be the most attractive part of the Sava coast in the center of Zagreb, or agricultural land in Slavonia. Ko razume shvatice. Cheers!

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    7. As if anyone would buy it, please.

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    8. The Arabs didn't buy the land, or Sava coast in Belgrade, they got it for free! Why would they buy it :))

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    9. Da je srece da to znate izvan ovog bloga nego samo pametujete i lupate na m3 .
      I tako sto lupate kako se vracaju 2 733 .
      INN-NS

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    10. Ja ne znam ko je ovde lupao kada je pricao da stize jedan A332 u maju i da krecu letovi za Kinu. ;)

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    11. Ispricavam se, aprilu.

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    12. Ja sam rekao i sta sad doce on i krenuce za USA a i WI-FI ce biti polako uveden u Airbus flotu i sta cete onda novo izmisliti .
      INN-NS

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    13. Zagreb airport terminal progress:

      https://scontent-vie.xx.fbcdn.net/hphotos-xpa1/t31.0-8/11174391_10153256168271575_8909738592888431640_o.jpg

      Delete
  13. Ot: I read some comments here few days ago that Air Serbia A319 YU-APJ is not flying because it is getting WiFi equipment installed and that it takes longer for this first installation. I don't know if APJ is in BEG, AUH or somewhere else.

    APJ is offline since Apr 13 and that means three working weeks. My car mechanic would install WiFi in less time, and he has an IQ of a room temperature. Jat Tehnika already installed it before, it was on a 737 for Transaero, but it didn't take that long. WiFi has been installed before in AUH.

    Something smells funny here, but it does not look like wifi installation. Either APJ had some other issue, or it's really parked aside for some reason.

    ReplyDelete
    Replies
    1. I think YU-ALO is out of service even longer. Maybe this is the fact that caused the decision of hiring one ATR more. Does anybody have some reliable information about its coming ?

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    2. Didn't APJ already have a C check a few months ago?

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    3. Air Serbia "Our Fleet" web page still lists number of A319 as 8, let's see if that changes in the coming days.

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    4. Cuo sam da do leta treba da svi Avionu budu opremljeni sa WI-FI mozda je zbog toga nesto.
      INN-NS

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    5. a ja sam cuo da im je mnogo stjuardesa na bolovanju, pa nema k'o da podgrejava ruckove, zato im leze avioni na zemlji....

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    6. Dosad sve sto ste pricali da je istina nije bilo a sve sto sam ja rekao da jeste je u 60-80 % slucajeva bilo upravu .
      INN-NS

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    7. "Cuo sam da do leta treba da svi Avionu budu opremljeni sa WI-FI mozda je zbog toga nesto"
      INN-NS yes we know that, but the thing we are confused is to why it is taking so long. If they continue at this pace then they might have 3 aircrafts with wi fi by summer.

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    8. Valjda znate da sve drzavne firme u srbiji imaju svo vreme sveta ili to stvarno toliko traje nisam bas strucan u IT oblasti :)
      INN-NS

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    9. Wifi installation isnt a quick progress. It is not as quick as say seat installation which for a B737/A319 can be as quick as 2 hours. It is also a new system for JU and i am sure testing is being done as well. YU-APJ as I wrote below will be the first to feature wifi, YU-API has gone into the hangar for installation. All wifi installation will be in BEG by Jat Tehnika.

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    10. YU-APJ should be in the air in the next couple of days. YU-ALO is undergoing D check and is why it is out of service longer. I am sure that Jat Tehnika is busy atm.

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    11. Satcom complete install only takes between 2-8 work days typically, depending on equipment.

      Delete
  14. OT, flipping through May edition of Air Serbia's Elevate magazine. Great coverage of Montenegro and fantastic example of modern Balkan cuisine on pages 46-49. But then I saw truly creepy ads for two Belgrade restaurants on pages 75 and 81. I can understand if those ads are accepted for "Caveman Monthly" magazine but they have no place in Elevate. In a broader sense, it also highlights (most of) Belgrade chefs lack of innovation and sensibility to transform traditional Balkan cuisine into a 21st century menu.

    ReplyDelete
    Replies
    1. Yeah you are right. Neither ad was done very well. The first one is cluttered and the writing doesn't really make sense to me, and also the font looks bad. The second one has a much better layout but showing raw meat isn't common in the West, so I don't know how it will appeal to Westerners.

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    2. Clutter is part of the kitschy appeal at L&K, if you've ever been there, but that's not the problem. Blonde's tail is morphing into some sort of raw meat and that image does not whet my appetite. More like a poster for a horror movie franchise.

      And the one for OMB @ Radisson does not do a thing for appetite, Westerner or a not, it’s a raw meat. I saw new Raddison but havent' eaten at the restaurant yet, and food on their site looks much better. But that ad is not even appropriate for a Korean BBQ restaurant if you know what I mean.

      Delete
  15. Despite the financial figures presented in the article, it seems likely that Croatia Airlines will record net profit for the second consecutive year in line. But these short-term leasing deals should end soon. By the way, Air Serbia finished the first quarter with average cabin load factor slightly less than 58%, i.e. by 3% worse than Croatia did.

    ReplyDelete
  16. Just to comment on "Ex Yu airlines Q1 2015 passenger numbers" table above, the last in the article, just before the comments :

    Each of the 3 above mentioned airlines has some advantages, compared with the others : JP has foreign bases&markets and long tradition in charters, OU has domestic flights, multiple airports, coast& tourism, while JU has new management, strong EY as investor, and transit passengers. All countries are successors to ex-Yugoslavia, and were 3 most developed republics within it. So, it would be logical that country population corresponds with the number of passangers carried, in ratio. So, if Slovenia has roughly speaking 2 million inhabitants, and JP 200.000 pax transported in Q1, than Croatia with its 4 million inhabitants should have 400.000 pax transported by OU, and Serbia with its 8 million people some 800.000 pax moved in Q1 15. And now just a question for ASL fan boys, especially INN-NS : ko je ovde lider u regionu?

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    Replies
    1. Sta je kriterijum za lidera u regionu? Koja avio kompanija ima najduzi let sa ATR avionom u EX YU? To je lako, lider je BH Airlines.

      Ako je kriterijum za lidera broj putnika nacionalnog avio prevoznika u odnosu na broj stanovnika u zemlji? Pa I to je lako, lider je Montenegro Airlines, vidi http://www.exyuaviation.com/p/montenegro-airlines-records-major-2014.html za broj putnika prosle godine, a wiki za broj stanovnika.

      Glup ti kriterij kako okrenes.

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    2. Po vasoj logici JP a sta cemo sa Indijom i Kinom ako tako mislite.
      INN-NS

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    3. "and Serbia with its 8 million people some 800.000 pax moved in Q1 15. And now just a question for ASL fan boys, especially INN-NS : ko je ovde lider u regionu?" Well, i think Belgrade carried not far from that so you;ve just proven yourself at how wrong you are.

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  17. YU-ALO is undergoing D check hence it is out of service.

    YU-APJ is being installed wifi and should be flying in the next couple of days. Wifi instalation is being done in BEG by Jat Tehnika. YU-API is next to get wifi and has been removed from service.

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  18. Someone asked about JU loads for AUH. I flew JU801 a few days ago AUH-BEG and the load was 1 J / 80 Y. Business was booked 5 pax but in the end was only 1 pax checked in. Pax was mixed mainly transit. A couple O&D, many Serbian diaspora from Australia. There was transit pax continuing ex BEG for OTP, SJJ, CPH, ARN, LJU and WAW

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    Replies
    1. thanks for letting us know, and also do you by any chance have any pics to share.

      Delete
  19. Ive posted pics before, nothing new other than the aircraft this time was YU-APF. Its a change from usual YU-API, which is now in the hangar in BEG getting wifi installed. Will post the link to my flickr page later.

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    Replies
    1. WTF are u talking about? YU-API is landing at LHR at this moment, it is not at the Belgrade hangar getting wifi installed!!! Is your job to place wrong info here?

      Delete

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