18. 11. 09. - 15:00

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18. 11. 09. - 15:00

Croatia Airlines losses swell

Croatian Times

Croatia Airlines has seen losses soar as it reported today (Weds) that it had ended the first nine months of the year with a net loss of 94.2 million kunas or 12.88 million Euros.

The company had losses of 22.2 million kunas or 3 million Euros in the same period of 2008.

The airline’s operating earnings also fell 18 per cent compared to their plans and 17 per cent on the same period last year.

Croatia Airlines officials said they had introduced a range of cost-cutting measures in 2009.

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