Croatia Airlines last in short-term obligations


Croatia Airlines has been ranked as the worst among European airlines in meeting its short-term debt obligations, according to data compiled by Thomson Reuters Eikon. It is followed by Norwegian Air Shuttle, which is facing mounting pressure to control costs and shore up its balance sheet to weather fierce competition. Short-term debt is made up of any debt incurred by a company that is due within one year. It is usually made up of short-term bank loans taken out by a company, among other types. At the end of 2016, Croatia Airlines’ loan liabilities with local banks totalled eighty million kunas (around 10.8 million euros), of which 46.9 million were long-term (medium-term) liabilities, and 33.1 million were short-term liabilities. The remainder of the principal of the long-term loans owed to foreign banks amounted to 51.800 kunas on December 31, 2016. Long-term liabilities were reduced by 33% as a result of regular loan repayments. However, short-term liabilities were 5% higher due to an increase in liabilities to suppliers.


  1. Anonymous14:06

    Says a lot about the actual state of the airline's finances.

    1. Anonymous14:10

      So they reduce their long term obligations by 33% which is the chunk of their obligations but for the short term obligations they are in financial trouble?

    2. Anonymous14:27

      Now we know who is constantly asking for Air Serbia financial results, to distract from the real problem.

    3. Anonymous15:46

      What matters most is manageable debt, and OU are doing fine for now.

      Sorry the article/thread is just eye bait.

    4. Anonymous16:28

      OU is doing finest in Europe accoring to Thomson Reuters, but from the other end.

    5. Anonymous18:19

      Agree with anon at 2h10pm.

      At the same time when OU's smaller in volume short terms debts rise they do manage to significantly reduce the more important and larger in volume long term debts.

      It is for obvious reasons (click bait) why the article's header does not state the positive and financially more important news.

      Anyone bashing OU over this news knows nothing about finance/controlling.

    6. Anonymous18:40

      Or it might be because they are ranked lowest in a category among European airlines and that is newsworthy.

    7. Anonymous02:08

      @Anon at 4:28 PM

      10.8 million liabilities, worst in Europe???

      Air Serbia owes over €600 million, soon it'll have to wet lease entire fleet just to pay interest payments.

    8. Anonymous04:01

      @AnonymousJuly 28, 2017 at 2:08 AM

      Denial has reached a point where you are questioning Thomson Reuters Eikon reporting. Why don't you ask for retraction or threaten to sue them if you think their info is wrong?

      As for JU having to lease out entire fleet just to pay interest, I hope you have a good source to validate this imaginary claim. But I wonder why on Earth would admin allow this offensive garbage to be posted in the name of free speech?

    9. Anonymous08:37

      @2.08 did you even read the article? They are worst in Europe in MEETING OBLIGATIONS TO PAY FOR SHORT-TERM DEBT. Not because of the size of their debt.

    10. Anonymous15:51

      Did YOU read more than the headline? In the text it says they have clearly reduced the long term debts which in finance are a more important indicator.
      Now, sorry, OU haters, go troll elsewhere.

    11. Anonymous18:53

      Anon at 2:08 is JU hater. If those like him go elsewhere during JU news, you would mot have to write that last sentence. Next time JU news come up, JU haters will have a chance to pass the Marshmallow test.

    12. Anonymous15:06

      Air Serbia can't even get a loan, no one would give them a loan.

      So OU being slow on repaying their short term liabilities, not a biggie. As long as these are paid.

      Air Serbia, doesn't need to worry, Serbian taxpayers will pay for everything.

    13. Anonymous15:15

      ^ seek psychological help.

  2. Anonymous16:03


    1. Anonymous08:31

      This is not the first time their plane gets damaged there. Seems like ZAG is not properly training their employees

  3. Anonymous17:55

    Well, nobody expected OU to have the best of finances. What's more interesting is that fast-growing DY, which I have called a castle in the air for years, is starting to show the true state of its finances. Since so called analysts in the stock markets are clueless when it comes to airlines (and probably other industries too), they have been overly optimistic about DY's growth at high load factors, ignoring that the load factor doesn't mean anything if you have to buy traffic with low fares. The DY share price has fallen heavily lately, though, as the penny has finally dropped in the market.

  4. Anonymous19:59

    Not sure what the big deal here is ... they have many more slots to sell - LHR included - so all is under control and in hand

    1. Anonymous20:35

      Or, they could start another bus line and when they fall on hard times again in another 2 years - bingo ! - they can sell it

  5. Anonymous09:38

    Bravo Hrvatska!

  6. Anonymous10:34

    Denialism on one side and belittlement on the other.


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