Croatia Airways has reported a web lack of 20.9 million euros for the primary 9 months of 2025, with the third summer time quarter unable to reverse or reduce the adverse pattern. The outcome compares to a nine-million-euro loss throughout the identical interval in 2024, as the corporate continued its largest funding cycle since its founding, introducing new Airbus A220 plane whereas phasing out older A319s, A320s and Sprint 8-Q400s.
Working revenues rose 3% year-on-year to 204.7 million euros, pushed by strong progress in ancillary and different revenues. Passenger transport accounted for 84.6% of complete earnings, or 173.2 million euros, which is beneath 2024 ranges resulting from intensified fare competitors and a weaker US greenback. Complete working prices rose 9% to 226.2 million euros, because the service confronted increased upkeep, airport and navigation service bills, in addition to elevated depreciation linked to the induction of recent plane. Depreciation prices grew 50% to 25.5 million euros, whereas air visitors service prices climbed by 6.5 million and upkeep by 3.1 million euros.
Croatia Airways recorded an working loss (EBIT) of 21.5 million euros, in comparison with 8.9 million final yr. The airline famous that transitional fleet alternative prices reached 19.9 million euros by September 2025, already surpassing the whole for all of 2024. It emphasised that these extraordinary prices are anticipated to proceed all through the four-year transition interval (2024–2027). Its capital stays adverse, amounting to minus 18.8 million euros, whereas long-term liabilities rose to 258 million. This implies the airline’s obligations have exceed the worth of its belongings, indicating that gathered losses have totally eroded its fairness base.
Between January and September 2025, Croatia Airways carried 1.553.577 passengers, representing a 9% enhance in comparison with the identical interval final yr, or an additional 128.595 travellers, on the again of the introduction of recent routes and rising capability ranges. The determine remains to be 8.7% beneath 2019 ranges, or 147.994 travellers beneath. In 2025, there have been 372.951 clients on home flights, up 12%, whereas there have been an additional 1.138.729 passengers on scheduled worldwide flights, an enchancment of 8.8%. Constitution visitors, nonetheless, fell by 8.2% to 41.897 passengers, primarily resulting from suspended flights to Tel Aviv amid Center East conflicts. The home load issue improved by three factors to 65.9%, whereas the worldwide load issue reached 65.5%. Its general masses stood at 66.3%, up 1.6 factors year-over-year however nonetheless 7.7 factors beneath the identical interval through the pre-pandemic 2019.
Croatia Airways stated the introduction of the A220 fleet represents “the muse for long-term sustainable operations”, including that the brand new sort will improve effectivity, cut back gas consumption and align the service with European decarbonisation objectives. “The modernisation of the fleet will simplify operations and enhance environmental and monetary efficiency”, the corporate said.
