Croatia Airlines has registered an 89% decline in bookings during the first quarter of the year when compared to the same period in 2020 as the coronavirus pandemic continues to ravage the aviation industry. The global health emergency only partially affected the first quarter of last year, while ticket sales were also higher in early 2020 due to Croatia’s Presidency of the Council of the European Union. The Croatian carrier said bookings were down on all routes and markets during the first three months of 2021. “The pandemic has changed booking dynamics. Select markets which had a high volume of early bookings now have negligible numbers. On other markets, primarily those in Europe, we expect late bookings, which will, in large part, depend on the epidemiological situation and restrictions in each country”, Croatia Airlines said.
During the first quarter, Croatia Airlines handled 72.263 passengers, representing a decrease of 73% on Q1 2020. Of those, a total of 45.288 were handled on scheduled international flights, down 78%, while 25.393 flew on domestic services, representing a decrease of 61%. Charter flights accounted for the remaining 1.582 travellers. The average cabin load factor over the same period stood at 44.8%, down 15.3 points. The cabin occupancy on international flights amounted to 49.7%, down eleven points, while the domestic load factor decreased by 21.3 points to 35.2%. The amount of transported cargo fell by 41%.
Commenting on its operational performance in the first quarter of 2021, the carrier noted, “The start of the year has been weaker than expected for Croatia Airlines. Bookings are still in decline on all routes and markets. Considering the situation, the focus has been on those markets where there is still some demand. As a result, the timetable is being constantly optimised. The company stands ready to launch or restore select routes, as well as add additional frequencies on existing services if there is an increase in demand”. It added, “The tourist season will in large part depend on the epidemiological situation in Croatia. We have drafted this year’s summer timetable to include eighteen European destinations from Zagreb, Dubrovnik and Rijeka. Croatia Airlines’ timetable is subject to ad hoc modifications, as is the case with all other airlines”.
Ouch
ReplyDeleteThe "Ouch" Guy again...
DeleteThis time he surely has right...This is big ouch.
DeleteHe's a troll. Ignore it.
Deletehehe, troll that speaks the truth :)
DeleteYeah, very contructive one word comment. It's probably 13 maybe 14 years old.
DeleteIt sublimates OU situatuon very well.
DeleteOUch would be the perfect word to describe OU !
DeleteOUch is to OU what Jatovanje was to Jat back in the day.
DeleteJust goes to show how bad this crisis still is.
ReplyDeleteNothing better could be expected in these times.
DeleteBaš loše a dobili su tolike pare od države.
ReplyDeleteOgromne.
DeleteWhat's going to happen with OU this year?? Not sure government will be allowed to give more funds, Ryanair is coming...
ReplyDeleteI think the government will find ways to pump money.
DeleteOU will profit the most from government/EU helicopter money the most, because now they will be able to take money legally. even when they didn't have that many competitors they weren't exactly profitable.
Delete44% load factor :O not saying it was any better at others but this is sad
ReplyDeleteDo we know LFs of other airlines?
DeleteWe know that JU has ca 70% to JFK
Delete44% isn't that bad given the times we live in.
DeleteI doubt many European airline have much better numbers these days.
Yes but that's 44% mostly on the Q400. That means that on average they had something like 50 passengers.
DeleteI think KLM is killing them. KL has two flights today one on E75 and the other on B737. Meanwhile OU is sending Q400 to AMS.
DeleteEven if we take in consideration all the circumstances this is terrible result especially if we know that CRO citizens do not have limitations for entering other EU countries and the other part of the region has.
ReplyDeleteWell no wonder... they hardly have any flights
ReplyDeleteSunday is always among the busiest days of the week and they have only two flights on A319: CDG and DBV. Disaster.
DeleteAnd DBV is PSO flight...
DeleteGuys, I don't like this at all.
ReplyDeleteit's a question of yes or no on the bankrupcty question at the moment unfortunately.
ReplyDeleteStory will end up as with Adria, by then everyone was also screaming that eu will save us and there are plenty of carriers 😂
Deletenot sure they will see 2022 ...
ReplyDeleteThe domestic LF is very low. I thought domestic flights were recovering the quickest in all countries.
ReplyDeleteIt would recover if the price for return ticket isn't 150eur (without baggage)
DeleteTrue story from the very beginning of OU : Their ZRH flights had about 30 % LF and SKP had around 50 % LF. On regular meeting, representative from ZRH guaranteed to fill with transfer passengers both ZRH and SKP with minimum 90 % LF, providing OU lower its prices which were higher than those of Swiss Air, at the time the World 's best airline, by 10 % only, and make it equal with Swissair' s. CEO 's answer was : No, we are not lowering prices. The same mindset is still on.
DeleteI think OU is one of the few airlines in the world that saw a reduction in cargo! Almost everyone has rising cargo numbers.
ReplyDeleteUnbelievable.
DeleteThis is bad.
ReplyDeleteWell it's not really surprising. It's not like any airline had a good result...
DeleteLet me remind you that even before pandemic OU was in terrible situation begging for 33 mil EUR free money that they got from Government.
DeleteExpected
ReplyDeleteNot looking good. Bookings for the summer should have picked up in March.
ReplyDeleteThe situation in Europe with the virus was catastrophic from January - March. Most people were in lockdown. No one was thinking about holidays.
DeleteMy bet bookings will start middle of may, as now in some countries cases already dropped from some 2k to just slightly over 100p.d.
DeleteIt's depressing.
ReplyDeleteLF really low. Understandable of course.
ReplyDeleteImagine if they didn't have the Q400.
DeleteShows they made the right decision.
DeleteOf course. They made right decision 25 years ago when literally overnight DC-10 which was about to come was switched with ATR. And they made good decision when decided to completely let go most lucrative long-haul market. And they did right decision not to compete on the coast and let others take all advantages of tourism. And they made right decision for switching ATR to Q400. And they made right decision not paying attention to cargo, second most lucrative part. And they made good decision to remain tiny and insignificant, and at the same time unprofitable, instead of growing, for what they had all prerequisites. And they made right decision to have double number of administrative employees who don't give a sh.t about company than actually needed, and many many more good decisions they made during last 25 years, anticipating corona crisis and knowing they will mostly use Q400 for one year
Delete:(
ReplyDeleteWonder what their best performing route is.
ReplyDeleteFRA?
DeleteUnfortunately this year is going to be dead too.
ReplyDeleteThat does not seem to be the case with many other airlines.
DeleteThe first quarter was a disaster for all European airlines.
DeleteResults won't be any better in the second quarter.
ReplyDeleteEveryone is in the same boat.
DeleteUnless you are a US or Chinese airline.
DeleteAirlines are already improving in Q2 because of holiday demand. Around Easter there were 500 flights from Germany to Mallorca. I think the problem is that demand to HR is soft
DeleteDemand is quite good considering the situation actually. It all depends on the virus situation and which countries require you to quarantine upon return from Croatia. There is a reason Croatia has the most new flights from EX-YU this summer.
DeleteHow much was the lost in Q1?
ReplyDeleteLX had 201Mil. OS 100 Mil.
Great , the aircrafts are causing much pollution . We have to take step back and respect nature
ReplyDeleteEspecially those registered 9A. Other registrations are more environmentaly friendly. But thanks God we have OU management, so aware of the pollution which is made, particularly by their aircraft, and so willing to preserve the Earth.
Delete@13:16 lol you made me laugh...good one!
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Deletethe figures mentioned aren't surprising.
ReplyDelete