Adria reports losses

Adria Airways A320
Adria Airways carried 15% less passengers in the first quarter of 2009 when compared to the same period last year, while the drop in revenues also stood at 15%, the flag carrier's chairman Tadej Tufek said on Thursday, May 21. Tufek expects that the falling passenger figures trend will end in the second quarter, when a drop in revenues at the annual level is to stand at 5%.

Tufek explains that the economic crisis had hit the majority of European flag carriers, who are fighting it with price dumping. He added that people are economising and this also shows in the number of travels. Recently Adria Airways launched its new flights from Ljubljana to Madrid. According to Tufek, the new route between Ljubljana and Madrid is expected to carry about 5.000 passengers annually. In 2006, Adria Airways opened the Ljubljana to Barcelona service, which has been operating with two flights per week since this April. With the new route, the company wants to attract both business passengers and tourists. Madrid, which lies in the middle of Spain, is a good springboard for visiting other parts of the country, he added. Flights to Madrid operate twice per week using the CRJ900. Ticket prices start at 185 Euros.