Croatia Airlines net loss up by 15.9% y/y in Jan-Sep.

By bne IntelliNews November 3, 2010
The net loss of flag carrier Croatia Airlines reached HRK 108.8mn (EUR 15mn) in Jan-Sep, the Zagreb Stock Exchange reported. The financial result worsened due to a 7.7% y/y revenues decrease to HRK 1.1bn, mainly due a sales decline by 4.6% y/y to HRK 926.6mn. The total expenses dropped by 6% y/y to HRK 1.2bn.

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