Croatia Airlines swings to net profit in 2023

Operating profit last year reached 4.1 million euro, following an operating loss of 13 million euro in 2022, it said in a filing to the Zagreb bourse on Thursday.

The airline carried 1.73 million passengers in 2023, up 19% on the year.

Operating revenue rose 20% on the year to 252,4 million euro, while overall costs increased 11% to 248.3 million euro.

Shares of Croatia Airlines last traded on Wedensday, when they closed flat at 5.0 euro as three of its shares changed hands on the Zagreb Stock Exchange.

($ = 0.923 euro)