Croatia Airlines net loss doubles y/y in Q1.

By bne IntelliNews May 28, 2010
The net loss of flag carrier Croatia Airlines' almost doubled y/y to HRK 100.3mn (EUR 13.9mn) in Q1. The main factor for the worsening financial result was the drop in total revenues by 18.2% y/y to HRK 276.6mn, mainly due to the registered decline in sales by 26.9% y/y to HRK 199.1mn. The total expenses rose by 0.1% y/y to HRK 377mn.

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