Adria Airways posts 2018 growth


Adria Airways handled 1.23 million passengers in 2018 in spite of operational issues it faced during the second half of the year, which resulted in the cancellation of numerous flights and bad press. The Slovenian carrier registered a 1.5% increase in traveller numbers when compared to the year before. The airline's busiest year to date remains 1987 when it welcomed 1.740.000 passengers on board its aircraft. The company handled 157.931 travellers from its secondary base in Pristina, down 10.9% on 2017. The airline is expected to report its financial results in September. Slovenian media have estimated that Adria's net loss will range between thirteen and fifteen million euros. The airline itself has only said the loss would be "significant" but has given no indication of an exact figure.

The airline has discontinued a number of unprofitable routes from the Slovenian capital in 2018, and has continued to do so into the new year. Out of the seven new routes introduced last year, all but one have been suspended, while services to Moscow and Dusseldorf were discontinued this month and its base in Paderborn has been shut down. The carrier has said it will further work on reducing risks in 2019. The airline recently signed a Letter of Intent for the acquisition of fifteen Sukhoi Superjet 100 aircraft, which are to be delivered from April onwards. This is on top of the three Bombardier CRJ900 aircraft Adria signed up for in June of last year, to be provided by lessor Regional One. Asked whether the order is still valid following the carrier's shift to Russian-made aircraft, Adria simply noted, "The order of the CRJ900 is still an option for us".

Adria's CEO, Holger Kowarsch, recently said, "We will work hard to position Adria Airways as a stable business for further growth. We already achieved substantial development and we will continue to expand the potentials of this company and build it into an even stronger airline in the future". The carrier will be recapitalised with ten million euros from its part-owner by the end of next month. "We see huge potential in the company, with our priority being to stabilise our operations and restore the trust of our passengers. There is a lot of hard work ahead of us, but we are confident that we will succeed", Mr Kowarsch added.




Comments

  1. Considering that 7 new routes (8 with Kiev) were launched, I wouldn't say it's a fantastic result but better than a loss.

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  2. "The carrier has said it will further work on reducing risks in 2019. The airline recently signed a Letter of Intent for the acquisition of fifteen Sukhoi Superjet 100"

    what an oxymoron :D

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    1. There are 4 SSJ aircrafts parked at BEG airport, probably for Adria...

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  3. The airline's busiest year to date remains 1987 when it welcomed 1.740.000 passengers on board its aircraft.

    wow. How many planes did Adria have back then?

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    1. I think it had around 10 aircraft. That year they opened scheduled flights to Munich, London and Paris.

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    2. Fewer aircraft but more bums on seats.

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    3. How did they differentiate from JAT back in the 80s?

      Were they partnering?

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    4. Not really. They cooperated in the early years but not so much in the 80s. Adria was mostly a charter/leisure airline. Its main activity was charter flights for German, British, French and Scandinavian travel agencies to Dubrovnik, Split, Pula and Tivat. Then they launched domestic flights from Ljubljana. I still remember their Ljubljana-Belgrade-Larnaca flights. These were scheduled regular flights. They had quite a few routes from BEG.

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    5. In the 80 s Adria also operated latger aircraft such as the MD80 and DC9. The smallest aircraft they opetated was thr DH7.

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    6. 4xDC9-30,2xDC9-50,1xMD81,4xMD82,2xDH7,2xBAC1-11 (during Summer)

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    7. Adria also had Zagreb hub, for its "workers flights" to Germany. 5 planes were "crossing" in Zagreb at the same time from Belgrade, Sarajevo, Mostar, Skopje and Split, continuing to Stuttgart, Frankfurt, Dusseldorf, Hannover and Hamburg, and back of course. Adria also competed with JAT on plenty of domestic services from LJU, BEG and ZAG. Kind of curiosity is that Adria was the first Yugoslav company to operate North American flights with its DC-6.
      They also flew Ljubljana to Seychelles via Djibouti, it was one of the first services with their brand new A320

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  4. Why does it take them until September to post financial results??

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    1. Because they are obligated to submit their results to AJPES by end of August.

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    2. AJPES is the Slovenian business register btw.

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    3. Because they are a private company and have no obligation to do so earlier.

      Not to say that they were any more expedient when they were government-owned :D

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  5. "Ova svadba bo koštala" says Purger.

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  6. LH naj bi želela najet 3 A319 za S19

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  7. At least passenger number are improving

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    1. With so many routes only marginally.

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  8. Result is not that bad considering how many flights were cancelled. What I fear is that they have lost the trust of many passengers who will not be flying with them again this year.

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    1. I am one of those... I conscientiously decided againt Adria in my last booking and went for Austrian- i didn't want to deal with rebooking and rescheduling, even with a better price and very short transfer time in LJU. It has happened to my once already, so, no thanks.

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    2. +1
      I'm still waiting for my compensation and it has been 3 months!

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    3. I was waiting 11,5 months but at the end it was successful.

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  9. If we say they handled around 1.1 million passengers to/from Ljubljana, how big would their passenger share be?

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  10. Not surprised about the loss considering that the fuel prices were 30% higher last year. Good luck Adria.

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    1. Yes, fuel. And EU261. And wet leases. And opening bases for 3 months. And trying to get old junk aircraft operational without crew.

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  11. Kiev, Brac, Dubrovnik, Düsseldorf, Hamburg, Geneva, Sofia, Bucharest 8 new destinations and just 1.5% increase in traveller... ouch...

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    1. Yeah but all the cancellations because of lack of crews really hurt them.

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  12. What happened at PRN? Why did their numbers decrease so much there?

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    1. Cancelled flights and fewer charters.

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    2. Oh and not to forget increased competition from the likes of Wizz.

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    3. JP passenger figures to LJU from PRN recorded a decline of over 16% in 2018 compared to 2017. This could be attributed to availability of more direct routes to Europe. This accounted for nearly 50% of the decline of JP at PRN.

      The remaining 50% is mostly down to fewer charters to destinations such as BSL and MMX.

      There is small window of opportunity for JP at PRN with Germania having declared bankruptcy. They were JP's main competitor to MUC. EW has responded by increasing their frequency on the MUC-PRN route to thrice weekly instead of twice. Let's see if JP can also respond.

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  13. I like their optimism.

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  14. So three years under 4K and 2 years of losses...

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    1. Still far away from the 50 million loss in 2010 or somewhere around then.

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    2. The "profitable year" was a huge loss ex sale of brand.

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  15. I keep thinking that some sort of expansion will be announced when they start getting those SSJ100s.

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    1. I still don't understand why they need 15 SSJs.

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    2. I still don't understand why they would get even one SSJ!

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    3. I still don't understand why they didn't ask for your permission before buying them...

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    4. Anon 11:19
      I still don't understand why are you following a blog that DISCUSSES aviation related issues instead of just reading company press announcements.
      I mean if it is upsetting why do it?

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    5. Are you discussing aviation related issues ? It sounds more as "I hate Russians" related issues...

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    6. We are discussing JP's decision to acquire 15 SSJs. Sorry but we are allowed to do so even if it hurts the feelings of sensitive Putin lovers!

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  16. Well I hope they find a solution. The good thing is they are a private company so it's their money that's being burnt not ours.

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    1. But it is company that our money paid for years. And for what in the end?

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    2. They owe a lot of money to state run companies.

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  17. Let's see how they perform under new part owner this year.

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  18. What about the load factor?

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    1. It was probably around 70% but we will see.

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  19. Finally some good news from Adria!

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    1. Substantial loss in 2018 is good news? Being in debt to most of the suppliers?

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    2. I meant the passenger growth.

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    3. 8 new routes with 30 flights per week more and just 1.5% increase of passengers number? That is good result for you?

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    4. Some people don't need to read pass the headline.

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  20. Honestly even with all the issues I was expecting better numbers then this.

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    1. I doubt many. Flights were operated with an ATR72.

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  21. Would it be justified to reopen a base in Lodz?

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  22. Balkan aviation has rule: more passengers, bigger loss!

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  23. Moi j'ai laché l'affaire avce princesse boutique.

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