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Croatia Airlines narrows net loss in Jan-Sept

Oct 29, 2021, 5:01:03 PMArticle by Annie Tsoneva
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October 29 (SeeNews) - State-controlled flag carrier Croatia Airlines [ZSE:CRAL] said on Friday it pared its net loss by 31% to 167 million kuna ($25.8 million/22.2 million euro) in the January-September period.

Croatia Airlines narrows net loss in Jan-Sept
Author: Croatia Airlines. License: All rights reserved.

In the first nine months of this year, Croatia Airlines' business was again hampered by the pandemic which led to significant drop in demand for air transportation services, the company said in a statement.

Croatia Airlines carried 556,499 passengers in the review period, up 4.0% on the year.

The number of passengers on domestic regular flights rose 18% to 168,518, passengers on regular international flights decreased by 3.0% to 373,242, while the number of passengers on charter flights grew 1.5% to 14,700.

Passenger load factor stood at 50.7% in the nine months through September, as much as in the like period a year earlier.

The company's shares last traded on September 23, ending flat at 17.50 kuna.

(1 euro= 7.521 Croatian kuna)

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