Croatia Airlines Suffers Greater Losses in Year 2025 Compared to Year 2024
2025 Kicks Off Brutal Year for Croatia Airlines
Info-packed article ahead! Sit tight as we delve into Croatia Airlines' mounting losses and recent turbulence.
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May 4, 2025 - Croatia Airlines isn't off to a financial flying start, with losses outpacing 2024's figures, totalling a staggering 15.9 million euros.
As Poslovni Dnevnik/Marija Brnic reports, Croatia Airlines' painful transition to a new jet fleet is worldwide news, especially considering the concerning projections of even higher challenges and risks heading into 2025. The airline's final report for 2024 reveals total revenue reached 269 million euros, a modest 2% increase, but costs surged 10%, reaching 288 million euros. Saddeningly, this translates to an enormous 19.4 million euros in losses.
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Get ready for more drama in the skies because the new Airbus A220s are due to arrive this year. That means the pressure is mounting with higher risks and challenges unfolding.
Employee wages increased thanks to a collective agreement signed last year and new hires for the Airbus fleet. Counting all the beans, Croatia Airlines had 951 employees at March's end, a jump of 30 from 2024.
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Training pilots and flight crews on the latest planes added to the hefty costs, as did delays in aircraft deliveries. Croatia Airlines had already received word of more delays in 2025, promising a problematic year for operational planning and an increased cost burden.
But what about new routes? Well, it seems the Croatian carrier has laid out plans to expand its network with routes to Milan, Prague, Bucharest, Madrid, and Hamburg. Existing routes will also witness an increase in flights from Zagreb, Split, and Dubrovnik.
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Need a financial boost? With a negative balance of capital and reserves reaching -14.4 million euros in Q1 2025, Croatia Airlines anticipates continued losses. The company is relying on unwavering state support to oversee the expensive aircraft fleet replacement process. Moreover, the adverse financial results are expected to persist, with positive EBITDA also in the forecast.
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Here's your friendly reminder that updates on new route introductions are scarce in the available data. The broader aviation industry demonstrates mix fortunes, with general aviation remaining somewhat optimistic[3]. However, Croatia Airlines' unfavorable market position has worsened since it typically focuses on European destinations but remains tight-lipped about future plans.
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- European Aviation Market Analysis
- Croatia Airlines Annual Report 2024
- Global General Aviation Market Trends
Sources:
- European Aviation Market Analysis
- Croatia Airlines Annual Report 2024
- Global General Aviation Market Trends
- Croatia Airlines is anticipating a challenging year in 2025 as they transition to a new Airbus fleet, with potential risks and higher costs on the horizon.
- In the aviation industry, Croatia Airlines' mounting losses and negative balance of capital and reserves are raising concerns, with mixed fortunes being observed among other carriers.
- The arrival of the Airbus A220s this year will further increase the pressure on Croatia Airlines, as they struggle with delays in aircraft deliveries and growing costs associated with training pilots and crew members on the new planes.
- Despite these challenges, Croatia Airlines is planning to expand its network, with new routes to Milan, Prague, Bucharest, Madrid, and Hamburg, as well as increased flights from Zagreb, Split, and Dubrovnik.
