|Croatia Airlines posts mixed half yearly results|
Croatia Airlines has seen its financial losses widen in the first half of the year compared to the same period in 2014, while its passenger numbers remained mostly unchanged. The Croatian carrier recorded a net loss of 12.8 million euros during the first two quarters, significantly up from the 3.9 million euro loss registered during the same period in 2014. The airline says its financial performance is usually weaker in the first half of the year due to the strong seasonality of the Croatian market. Its expenses increased by 3%, while revenue dropped 7%. The carrier spent most on maintenance (up 37% on 2014), as it performed regular six-year checks on two Airbus jets and C checks on two Dash 8 turboprops. Furthermore, expenditure on flight operations and passenger services also grew, while fuel prices declined.
On the passenger front, Croatia Airlines handled 802.559 travellers during the six-month period, an increase of 0.2% on 2014. Of those, 205.824 travelled on domestic flights, representing a decrease of 3%, while 574.729 passengers boarded scheduled international services, up 1% on 2014. The remaining 22.000 passenger flew on charter flights, an increase of 1%. The average cabin load factor stood at 64.3%, down 0.4% on the same period last year. This Monday, Croatia Airlines handled it millionth passenger of the year, one day ahead of 2014. As a result, the carrier welcomed 197.441 travellers between July 1 and 28.
Overall, Croatia Airlines saw its passenger numbers improve on flights to and from France (+21.8%), the Netherlands (+19.3%), the United Kingdom (+4%), Italy (+2.1%), Bosnia and Herzegovina (+2%) and Switzerland (+0.5%). On the other hand, the carrier recorded weaker results on services to and from Austria (-7.8%), Germany (-4.8%), Macedonia (-2.2%) and Belgium (-0.8%). Passenger numbers on other markets remained unchanged. Ticket sales grew 2%, with the greatest increase recorded in North America (+11%), as well as the United Kingdom, Ireland, Germany, Greece, Denmark, Sweden and Switzerland. Poorer sales were registered in Australia, the Netherlands, Macedonia, Bosnia and Herzegovina, Montenegro and at home in Croatia (-9%).
|H1 passenger numbers by market|
The Croatian carrier 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 17.455 block hours of flying time, up 2% on H1 2014. The airline has 951 employees on its payroll (319 of which are non-operative), which is up from 907 staff at the end of 2014.