Passenger numbers congratulations. Financial figures very poor.

So in conclusion BAD MANAGEMENT because at the end what counts is the financial figures.

The load factor is a nice surprise in these results.

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

Any particular reason for this loss>

everyone is surprised they made losses now, then everyone critizises them for selling their slots

Good to see the load factor up.

Financial results are bad but the passenger numbers are quite good.

I don't think there are any plans to sell anything. They will probably be going hybrid like they already announced. Maybe that increases income and reduces expenses.

Will they be able to make up for this loss in the second and third quarter which are usually strong?

Passenger results are good. I'm quite interested to see whether all this new competition in Zagreb will help them add more passengers or take away passengers from them. I guess we will only see this when stats for the third quarter are published.

This shows they filled those seats by dumping fares. Competition got the best of them. Growing lcc presence in the region does affect them.

They can always sell the remaining LHR slots.

I agree. 70% is not bad in the slowest time of the year.

These results should be ok for Croatia Airlines to be interesting to some potential investors.

Yes, mounting losses are a great selling point.

Wrong, what counts is the stabilisation of ALL KPIs.

These days they had a lot of cancellations so the numbers will not be representative.

What dumping fares??

They are finally getting passengers back in their planes. I am sure they hurt KL as they have not sent anything larger than a E90 in months now. Good job OU!

They just informed me that my flight on the 14th May is cancelled -.-

On average their tickets were 17% lower than last Q1. If that's not dumping then I don't know what is.

Sorry to hear that. Where are you flying to?

Have they offered to rebook you or to give you a refund?

What else can they do?

Funny how now they remind us that last year's profit was actually a big loss, whereas last year it was just a normal profit. Good news every year! :)

How did you come to that conclusion? Im curious i want to see the facts of your statement.

Split-Belgrade. They offered me a refund or a different day so I will take the refund because I had to travel on those dates.

I used to work for OU. I quit like most sane people. Management is becoming impossible.

maybe I need another coffee but i dont get this: "The strong growth in domestic passengers was partly caused by Pula Airport, which was closed between January and March of last year due to the overhaul of its runway"

Sorry. How will you fly now? JU?

+1
Fares are widely available, all tour operators have access to them.

Pula was closed last year for couple of months and there were no Croatia Airlines flights. So last year they had a big decline in domestic passengers during first quarter because of this. Now they have large increase because Pula is open.

Address where is it they are loosing money.

This is just Q1. In 2018, after summer season there will be no losses.

I will have to see now. I chose Croatia because the times suited me and I'm collecting Star miles.

After Q3 comes Q4. ;)

But what will be interesting to see is if they can increase profits this year.

Is this related to those cancellations the unions were talking about?

Doubtful since last year's 'profit' was influenced by LHR slot sale. Without it it would not have been a profit. Same as them having profit in Q1 last year.

chers mate :)

Let's just hope there isn't any strike this summer. I wouldn't it write off that possibility.

This just proves how bad the management is. Sorry but negative saldo is negative no matter how creative book keeping you do.

I think Tirana could be profitable destination for OU. I dont unferstand why they dont fly already to Tirana.

It's a shame that this airline is in the situation it is in. Good luck OU and I hope the management does the right thing and finances improve.

I agree that the most impressive stat in those result is the load factor which has grown nicely. That's a good result.

I don't think there is much demand for travel between these two countries.

+1

What is the passenger yield, based on revenue passenger kilometers?

The sad thing is absolutely every single ex-Yu airline is operating at a loss and presenting their numbers as record profit. I just don't know who for?

It's still just 70%. Compared to other airlines in Europe, and I'm talking about flag carrier not LCCs, that is still low.

I hope they get privatized and then get someone with a clear vision.

If crew, pilots or mechanics do that then they would be responsible for burying their own company. I don't think they would be that stupid.

They usually do, but we'll see if that will be enough to swing them out of the negative balance.

If OU something doesn't do it's price dumping.

Jedino sto je bitno, je predznak na kraju dana.
Sve ostalo su prica za malo djecu

Which mechanics would go on strike when most of their full time employees left.

Overall, not a bad result for the 1st quarter and the trends are good. It's refreshing to see actual, real results...portrayed in a transparent way. I still expect for them to end this year with a loss, probably a minimal one, regardless of the tourist season,

Results are better than the last year, reminder this is the slowest portion of the year.

Average fare in Q1 went down meaning their yield per passenger is down.
Also, LH is putting additional pressure on OU to fill flights to their hubs. LH is one of the rare airlines in ZAG whose numbers decline yoy.

Don't forget they had and will have many cancellations in Q2 which will affect their balance sheet. They need a spectacular Q3 to cover all this.

Btw my guess is that a combination of LO and EK is the worst thing that could happen to Star Alliance clan in Zagreb.

Adria's CEO will announce, they are interested in buying OU - watch and see.

Let's not forget enormous costs they had in April 2018 (Q2) for last minute wet leasing of the aicrafts. It surely will not improve their financial situation

So it continues in May as well. OU will have to wet lease other planes and it costs too much money.
Second quarter might be in red too

JU has healthy loads in TIA, increasing frequencies and planes.
I don't know why OU hasn't tried in OU

Cut expenses to get more profit.

Or in this case they are cancelling flights meaning they have to return money they most likely already spent on these extra leases.

This is turning out to be such a mess.

Slots selling, many people leaving the company, wet leasing of other airplanes, flight cancellations, numbers in red...
Excellent management!

JU has a much stronger network out of BEG so there are more transfer options than via ZAG.

Why OU hasn't tried in TIA

OU is a codeshare partner of KLM and on certain days more than 50% of CA passengers transfer via AMS to KLM's long haul network.
Simple schedule check (taking into account banks) - KLM is not competing in either ZAG or BEG (with HV) with home airlines, it is just complementing their service. In addition to this last year KLM added SPU and as far as I know they are expanding it to double daily this summer.

Does anyone have any numbers for JP? I mean financially wise.

The guy working at LJU how were loads to BWK and DUB?

I am still hoping ZAG will manage to pass 300.000 in April this year. It's not impossible as last year they had 240.168.
What worries me are all these OU cancellations. Let's hope other airlines compensate.

25% growth in April eh? impossibile

Have to disappoint you. Last year April grew 19%...due 5o late Easter. OU cancellations had up to 1.000 pax influence on total result. Very slow demand this April. The growth will not even be in double digits. May will do well.

It reminds on Jat 2013, but Jat didn't sell LHR slots

:(
Oh well ... it was nice while my hopes were up.
Why was demand for April low? Any specific reason?

You can't really now with Adria - last year they had profit due to accounting wizardry. I guess this year there's going to be even more profit due to the money that went missing at Darwin.

+100

The good news is that Iberia and CSA will keep their seasonal flights to ZAG next winter.

How many flights will Iberia have?

When do the two wet leased CRJ1000s for Croatia Airlines arrive?

2

I think they are being cautious. By winter time I am sure they will add one or two more flights.

They can always just sell tickets to fly people to different places.

They always have big losses during the winter and make up for it in the summer. Nothing new here.

@11.46 Because last year easter was in the middle of April. This year it was on April 1 so the boost in traffic happened mostly in late March.

I think this week.

Thank you. Let's hope booming tourist numbers in Zagreb compensate to a certain extent.

I don't understand how people are happy with these results. I don't see any positives.

Who will do their maintenance? Will it be locally done or elsewhere? LJU maybe?

KLM is increasing SPU to double daily. This is also part of the reason. Next year daily KLM to DBV.

+1000

Ljub bwk 62
Bwk ljub 0

Let's see how JP performed in April. LJU numbers should be a good indicator of that. They launched many new routes so let's see.

Looking at the BWK numbers it seems it's basically a charter flight. Still, not too bad.

Wooow ljubwk 62? LF more than 80% on the first flight operated! Thats very good. In case if they had had saabs, this flight would have been sold out! Who would have thought? Im surprised, i thought this wont be sustainable at all! GO ADRIA! 2 days ago i had a bit too much of a free time and i checked connections to BWK via LJU - JP really offers great connecting times, for example zur-lju-bwk-lju-zur or fra-lju-bwk-lju-fra its never more than 4h, which is not bad at all!

No numbers for Dubrovnik?🙏🏽

Thanks buddy!

I am not from ljub airport but that was numbers of flight...need be 68 but 6 people not come on flight

Always? Big losses in the winter, but they have mostly never been able to 100% cover the winter looses with summer “gains”

The same day zagreb brac was sold out.

Ok! Isto hvala :)))

JP offers great connecting times via lju to bwk, much much better than OU, but i dont get the price difference on ljubwk sector and zagbwk. Why JP prices are double (or
More) of the OU fares? Same week, ljubwk by JP 150€ return, OU zagbwk return 70€. For a 4 member slovenian family from LJU, it is still MUCH chepaer to drive down to ZAG and fly to bwk than to fly out lju. Its true that in the peak summer season there is traffic, border etc, but still 4x70€=280€=saving.

Revenue, LF and number of passengers are all up

You probably mean LH clan since LO is star alliance member as well

Funny how they publish 2108 Q1 results before year end results for 2017

They published 2017 results

http://www.exyuaviation.com/2018/03/croatia-airlines-posts-record-annual.html

It could be that JP is primarily after locals and then whatever transfers they can get comes as a bonus.
I suppose most passengers flying into BWK are going there with some tour operator. Can't imagine the island is that popular to attract large numbers of solo travellers like SPU or DBV do.

Transfer prices (and timing) is much much better than the one OU offers, there is just a huge price difference on a single sector (ljubwk)

Sorry, my bad.I missed this one

I know, I am merely pointing out that JP might be after locals here, not so much transfers. I would assume that BWK is mostly a package holiday destination.

It's as if JU scheduled flights to Zakynthos or Corfu. That flight would primarily be there for locals.

speaking of JP - 4 out of 6 saabs did a testflight today - example: https://www.flightradar24.com/data/aircraft/hb-izj#112914b5

Anon@4:46, does this mean they will be incorporated into JP fleet soon?

First CRK arrived today.

They still have assets to sell:
- rest of LHR slots
- rest of planes and engines
- Croatia Technics
- real estate especially in Zagreb airport

tablicu najmova u 12 dana, kada je iznajmljeno 13 aviona tri istočnoeuropske kompanije:

Datum Umjesto Croatie letio
23.3. Air Explore (Slovačka)
24.3. Air Explore (Slovačka)
25.3. Get Jet (Litva)
26.3. BH Air (Bugarska)
27.3. BH Air (Bugarska)
28.3. Get Jet (Litva)
29.3. BH Air (Bugarska) i
Get Jet (Litva)
30.3. BH Air (Bugarska) i
Get Jet (Litva
1.4. BH Air (Bugarska)
2.4. BH Air (Bugarska)
3.4. BH Air (Bugarska)

U posljednje vrijeme za Croatiju leti Jet Time, NEOS, Carpatair, People's Viennaline i Trade Air. U sve to vrijeme Croatijini piloti i kabinsko osoblje dobiva plaću, a ne leti, jer su avioni 45 dana duže od plana u hangaru.

Lista otkazanih letova Croatie Airlines u tjednu od 12. do 17. travnja:

12.4. OU660 Zagreb-Dubrovnik
12.4. OU632 Zagreb-Zadar
12.4. OU632 Zadar-Pula
13.4. OU660 Zagreb-Dubrovnik
13.4. OU460 Zagreb-Zurich
16.4. OU660 Zagreb-Dubrovnik
17.4. OU663 Zagreb-Dubrovnik
18.4. OU660 Zagreb-Dubrovnik
18.4. OU456 Zagreb-Brussels
Naravno i pripadajući povratni letovi su otkazivani. Ovo znači da je u 7 dana otkazano 18 letova. HSPP i dalje prati sva otkazivanja i iznajmljivanja zrakoplova. U idućih pola mjeseca ova otkazivanja će se bitno povećati:

8.5. OU640 Zagreb-Brač
8.5. OU641 Brač-Zagreb
8.5. OU456 Zagreb-Brussels
8.5. OU457 Brussels-Zagreb
12.5. OU336 Split-Beograd
12.5. OU337 Beograd-Split
12.5. OU320 Zagreb-Prague
12.5. OU321 Prague-Zagreb
15.5. OU436 Zagreb-Munich
15.5. OU437 Munich-Zagreb
15.5. OU530 Zagreb-St.Petersburg
15.5. OU531 St.Petersburg-Zagreb
15.5. OU673 Pula-Zagreb
15.5. OU674 Zagreb-Zadar
16.5. OU464 Zagreb-Zurich
16.5. OU465 Zurich-Zagreb
16.5. OU384 Zagreb-Dubrovnik
16.5. OU385 Dubrovni-Zagreb
17.5. OU344 Zagreb-Sarajevo
17.5. OU456 Zagreb-Brussels
17.5. OU457 Brussels-Zagreb

Očekuju se i dodatna otkazivanje.

Sindikati su najavili ovakvo stanje još u siječnju, a uz to su jasno rekli da će se isto produžiti do sredine svibnja. Kako sada stvari stoje izgleda da će otkazivanja produžiti i do lipnja (no u manjem obujmu).

JU is focused on offering cheap connections.
OU is mostly O&D. There is little demand, either for tourist or business travel between Albania and Croatia.
Albanian air travel is almost entirely Gastos oriented. Few Albanian Gastos in HR.

Just my 2cents

Have to agree with previous anon. It would be too hard for OU to enter the Albanian market, unless they have very good connection prices. Connections are already well covered by JU, TK, AZ, OS while O&D is barely existent between Croatia and Albania.

Man its a 13% improvement on last year if we disregard the slot sales effect. That is pretty good if you ask me.

It would be good only if those extra passengers brought the airline closer to profitability.

JU was cheap the first year, their connecting fares are in line with what others offer as in they are at market value.

Also, night flights to SKP and other places are there for transfers so OU is not purely an O&D carrier. They just don't know how to expand and stay in new markets, that's why most of them are seasonal.

This is really bad. I feel sorry for the passengers as they didn't sign up for this. I can only imagine the financial toll this will have on OU.